What Is a Project Risk Register

A risk register is a document that is used as a risk management tool to identify potential setbacks within a project. This process aims to collectively identify, analyze, and solve risks before they become problems.

What should be in a project risk register?

• Identification number (to quickly refer to or identify each risk)
• Name or brief description of the risk.
• Risk categories (whether it’s internal or external, material-related or labor-related, etc.)
• Probability (how likely is the risk to occur)

What is risk register and why it's important?

The purpose of a risk register in project management is to record the details of all risks that have been identified along with their analysis and plans for how those risks will be treated. Basically, it’s a log that identifies risks along with their severity and the actions and steps to be taken to mitigate the risk.