5 Documenting the risk (‘risk registers’)
It is common practice to capture all of the information about a risk in one place. The information will typically include the items listed below, some of which will be covered in greater detail in future sessions:
- A description of the risk.
- A risk statement describing the root causes, the event and the consequences.
- An assessment of the impact and probability of the risk.
- An identified individual to own the risk.
- Treatment measures and their status.
The document or sets of documents in which all of this information is stored is commonly referred to as a ‘risk register’.
Activity 4 Risk register
Using what you have learned so far – and particularly during this session – you can now start to create a risk register of your own. This can be based on the organisation where you currently work or on one where you previously worked. Click below to access the risk register document. You can save this and return to it later to add further details as you work through the course..