Which is a purpose of a Risk Register?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
A Risk Register is a document or a tool used in project management that contains information about the potential risks that may occur during the project. The purpose of a Risk Register is to identify, analyze, and manage risks that may have an impact on the project objectives.
Answer A: Capture risks that may occur during the project
This answer is correct. One of the primary purposes of a Risk Register is to capture and document risks that may occur during the project. Risks can be defined as potential events or situations that could have a negative impact on the project if they were to occur. The Risk Register helps to identify and document these risks so that they can be managed effectively.
Answer B: Record how risk management activities will be undertaken on the project
This answer is partially correct. While the Risk Register does document how risks will be managed, it is not the primary purpose of the tool. Instead, the Risk Register is used to identify and analyze risks and then document how they will be managed.
Answer C: Record the risk tolerance for the project
This answer is incorrect. The Risk Register does not record the risk tolerance for the project. Instead, it is used to identify, analyze, and manage risks that may have an impact on the project objectives.
Answer D: Capture issues which are impacting on the delivery of the project objectives.
This answer is incorrect. While issues can be related to risks, the Risk Register is specifically used to capture and document potential risks. Issues that are impacting on the delivery of the project objectives would be documented in an Issue Log or similar tool.
In summary, the primary purpose of a Risk Register is to capture and document potential risks that may occur during the project. This includes identifying, analyzing, and managing these risks to mitigate their impact on the project objectives.