Risk register
A risk register is a structured record used to communicate and monitor risks and their management. It commonly includes the risk description, causes and consequences, owner, assessment, existing controls, planned responses, action owners, deadlines and review information. Its usefulness depends on accurate, current content and connection to decisions and accountability, rather than on the length of the list.
Worked example
A project register records a supplier delay, its likely schedule effect, the manager responsible, a backup option and the date for confirming delivery. The entry is updated when the supplier’s position changes.
Common mistake
A risk owner is accountable for managing the exposure, while individual response actions may have different owners. An unchanged register may conceal changing risk.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBL | Direct | September 2026–June 2027 |