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By Tom, Chris, Adam and Leo

By Tom, Chris, Adam and Leo. THE RISK REGISTER. What is a risk register?. A risk is an undesirable future event . The Risk Register analyzes risks and drives action to: Reduce the likelihood of the risk occurring. Increase the visibility of the risk.

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By Tom, Chris, Adam and Leo

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  1. By Tom, Chris, Adam and Leo THE RISK REGISTER

  2. What is a risk register? A risk is an undesirable future event. The Risk Register analyzes risks and drives action to: • Reduce the likelihood of the risk occurring. • Increase the visibility of the risk. • Increase the ability to handle the risk, should it occur. • Reduce the impact of the risk, should it occur. R I S K

  3. Risk register Components include: • Dates – important because the register is a “living document” • Risk Description • Risk Type • Likelihood of occurrence • Severity of effect • Countermeasures – Actions to be taken • Owner – Responsible individual • Status – Being fixed, fixed or to be fixed R I S K

  4. Risk Register for project "birthday party" Example of a Risk Register R I S K

  5. Different Visual forms of a risk register… R I S K

  6. National Risk Register

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