
How to Use a Risk Register for Effective Risk Tracking and Mitigation: A Step-by-Step Guide
A risk register is a structured tool used to track and manage identified risks within an organization, detailing their likelihood, impact, and mitigation strategies. It helps prioritize risks, assign ownership, and ensure continuous monitoring and updates, supporting informed decision-making. Regularly updated, the risk register consolidates key information, ensuring effective management and demonstrating due diligence to stakeholders, regulators, and investors.
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