Risk Management

A risk register is what it says it is: a document that lists the risks that can affect an organisation. It also typically includes information on the potential impact of the risk and the probability of the risk materialising. Depending on how you make the risk register for your own enterprise, it can be linked and leveraged in different ways for added business advantage. However, not everybody agrees on the value of a risk register. Critics claim that it can lead to problems owing to illusions of controlling the situation and of self-sufficiency – the idea that having a risk register makes  organisations erroneously believe that this is already enough in terms of risk management. Read more