A business unit is updating a risk register with assessment results for a key project.

Updating a risk register with assessment results for a key project must primarily capture action plans to address risk scenarios requiring treatment.

Risk Register Purpose:

Documentation of Risks:The risk register is a central repository for all identified risks and their respective treatment plans. It ensures that all risks are documented, tracked, and managed throughout the project lifecycle.

Action Plans:It is crucial to document action plans for risks that require treatment. This ensures that there are clear strategies in place to mitigate or manage these risks.

Importance of Action Plans:

Mitigation and Management:Action plans detail the steps necessary to mitigate identified risks, providing a clear path for risk management. This is vital for ensuring that risks do not negatively impact the project.

Accountability and Tracking:Including action plans in the risk register assigns responsibility and timelines for risk treatment, which is essential for accountability and tracking progress.