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A risk register is a document or database used to record information about identified risks, including their likelihood, potential impact, responsible parties, mitigation strategies, and thresholds for triggering response actions.
o A risk register is a comprehensive document that captures all identified risks within an organization. It includes detailed information about each risk, including descriptions, responsible parties, mitigation strategies, impact assessments, and thresholds for acceptable risk levels.
C. Risk register A risk register is a tool commonly used in risk management that records details of all identified risks, including descriptions, responsible parties, risk categories, likelihood and impact, mitigation measures, and thresholds for action. It serves as a central repository for all information about risks, making it easier to manage and track them.