Business Analyst: What is a risk register?

Risk register — document tracking project risks.

Information included:

• Risk description.
• Probability (Low/Medium/High).
• Impact (Low/Medium/High).
• Risk score.
• Mitigation strategy.
• Owner.
• Status.

Example:

Risk responses:

• Avoid — eliminate risk.
• Mitigate — reduce probability/impact.
• Transfer — shift to third party.
• Accept — acknowledge and monitor.

BA role: Identify business risks and help develop mitigation strategies.