Ideally, it should be used-or available for use when needed-for every project. There are many instances when a risk register comes in handy.

Create a risk register template When should you use a risk register? This way, if the risk becomes a larger threat, your team is prepared with solutions and empowered to solve the issues. It also includes information about the priority of the risk and the likelihood of it happening.Ī project risk register should not only identify and analyze risks, but also provide tangible mitigation measures.

While usually centered around projects, other circumstances where risk management is helpful include product launches and manufacturing.Ī risk register document, otherwise known as a risk register log, tracks potential risks specifically within a project. This process aims to collectively identify, analyze, and solve risks before they become problems. What is a risk register?Ī risk register is a document that is used as a risk management tool to identify potential setbacks within a project.

Since it’s usually up to project managers (we’re talking about you!), it’s a good idea to learn how and when to use a risk register so you’re prepared for your next project. Looking for tools to set your team up for success? A risk register can do just that.Ī risk register is an important component of any successful risk management process and helps mitigate potential project delays that could arise.Ī risk register is shared with project stakeholders to ensure information is stored in one accessible place.

Risk probability game