Risk Registers: A Roadmap From Reactive to Proactive Risk Management

This podcast episode explains the importance of a risk register as a crucial tool for effective risk management. It defines a risk register as a dynamic document that identifies, assesses, and tracks organisational risks. The episode details key components of a risk register, including risk description, owner, likelihood, impact, mitigation strategy, residual risk, and monitoring. Practical applications are discussed, such as risk prioritisation, strategic planning, communication, and compliance. Finally, the podcast provides a step-by-step guide for creating and maintaining a risk register.

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