24 What is a risk register and why is it used?

Most risk processes use a risk register to document the outputs. What is it, and why do we all need one?

[@YewandeBabalola]

perfect explanation, thank you. great probing questions also.

[@Risk-Doctor]

Thank you Yewande, I'm glad it was helpful!

[@anointed2023]

Awesome explanation 😎

[@Risk-Doctor]

Thanks very much!!

[@ankitsaraswat8988]

Awesome work, thanks

[@Risk-Doctor]

Thanks Ankit, I'm glad you liked this one!

[@Praizion]

👍👍👍👍👍👍 Great stuff Doc!

[@Risk-Doctor]

Thanks Phill!

[@shinambhatti3381]

A risk register document, often called a risk register log, keeps track of potential dangers that may arise directly inside a project. It also contains details on the risk's importance and propensity to occur.But levels are not clarfy to me

[@Risk-Doctor]

Thanks for your comment. Risks can occur at different levels - in a project, or at a higher level in a prtfolio, or even higher at the strategic level. We need different risk registers at each level, so that we don't mix the risks.