What is the role of a risk register?

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Multiple Choice

What is the role of a risk register?

A risk register is a living document that records identified risks, their likelihood and potential impact, who is responsible for addressing them, the planned mitigation actions, and the current status. This makes risk information visible and actionable throughout the project, so the team can monitor risks, implement responses, and adjust plans as conditions change. Its ongoing nature means new risks can be added and existing ones updated, allowing decision-makers to see where attention is needed and how residual risk is evolving. The other options miss the essential element of active risk management: a static archive, a financial ledger, or a schedule checklist don’t capture identified risks, owners, and mitigation steps in one updated place.

A risk register is a living document that records identified risks, their likelihood and potential impact, who is responsible for addressing them, the planned mitigation actions, and the current status. This makes risk information visible and actionable throughout the project, so the team can monitor risks, implement responses, and adjust plans as conditions change. Its ongoing nature means new risks can be added and existing ones updated, allowing decision-makers to see where attention is needed and how residual risk is evolving. The other options miss the essential element of active risk management: a static archive, a financial ledger, or a schedule checklist don’t capture identified risks, owners, and mitigation steps in one updated place.

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