What are the steps of adding a risk to the Risk Register?
Identify the risk: Define and document the risk through research and analysis.
Assess the risk: Evaluate the likelihood and impact of the risk.
Prioritize the risk: Determine the priority of the identified risk based on its likelihood and impact.
Develop risk response strategies: Develop actions to minimize or eliminate the risk.
Assign accountability: Assign responsibility and authority for action to mitigate the risk.
Monitor and review: Monitor the effectiveness of risk response strategies and review the risk over time.
Update the Risk Register: Document the risk, responses, and status in the Risk Register.
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