A risk register is a record of risks. In addition to listing the potential problems for the project, the register may have a title and/or identifier for each risk, the likelihood of the risk occurring, elements of the project that will be affected, the expected severity if the risk occurs, a prioritization (usually based on a combination of likelihood, severity, and potentially adjustments by leadership).
It is sometimes called a "risk log". Not surprisingly, the risk register is an output of the PMI process, identify risks. The risk register then becomes an input to other risk management processes: perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. When a process results in project documents updates, one of the documents that may be updated is the risk register.
Related: determine budget, identify risks, plan quality management, estimate activity durations, issue log, risk management, plan risk management, risk management plan
External Links[]
- Techno-PM steps through the processes for managing risks and provides Risk Register Examples in Project Management with Excel Template
- Risk Register vs Risk Report (PMP/CAPM) by Mudassir Iqbal, February 8, 2019.
- Risk register sample question