Risk Registers in the PMP Exam

A risk register is a popular document used in project management to record and maintain information about identified risks. It is a natural outcome of the risk identification process and should be updated regularly throughout all phases of a project. It is one of my favorite artifacts in project management. It makes the project manager alert for existing risks and mostly the true ones.

The risk register is primarily used during the execution phase of a project and is typically used in the project work performance domain and delivery performance domain. However, project managers should start considering risks as early as possible and many project charter documents contain a condensed version of the risk register for planning purposes. In addition to these usage areas there is a specific performance domain focused on uncertainty.

To sum up, Risk registers should be used in;

Risk registers should be taken into consideration during scope definition, schedule development, estimating processes, project budget determination, planning endeavors, executing project work, and all risk related tailored processes.

While the risk register is one of the most critical project artifacts, its usage can be complicated by project teams' tendency to overcomplicate it. Therefore, a risk register should be simple and straightforward, providing a good basis for risk responses.

The essential elements of a risk register include the date of record for each identified risk, a unique number for the risk, the risk group, a brief description of the risk, the controls for the risk, the potential impact of the risk, the likelihood of the risk, priority factors for the risk, and the person responsible for managing the risk.

See Also:

1- Steven 02.01.2022
Risk register is the essential document for risk management. Vital for the PMP exam and vital part of PMBOK. 

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