ACCA SBL Syllabus D. Risk - Risk Registers - Notes ^{3 / 9}

A risk register is a tool that helps you track issues and address them as they arise.

It records the details of all identified risks - plus plans for dealing with those risks

So basically it identifies risks along with their severity and the actions and steps to be taken to mitigate the risk.

The risk register database can be viewed by project managers as a management tool for monitoring the risk management processes within the project. It is the responsibility of the project manager to ensure that the risk register is updated whenever necessary. The task of updating the risk register is usually delegated to the project control function.