Risk Register
A risk register is a structured document (or tool) that records identified project risks with their probability, impact, risk score, assigned owner, mitigation strategy, and current status. It is the primary artifact of project risk management and is typically reviewed weekly or bi-weekly.
Key Points
Each risk entry needs: description, probability (1–5), impact (1–5), risk score (P×I), owner, mitigation, status
Risks can be threats (negative) or opportunities (positive) — most registers focus only on threats
The register should be a living document — reviewed weekly, not created once and filed away
Residual risk (risk remaining after mitigation) should be tracked alongside initial risk scores
How Vizually.AI Uses This
Vizually.AI replaces the traditional spreadsheet-based risk register with a visual Risk zone on the project canvas. Each risk is a card color-coded by severity (red/yellow/green). Mitigation cards are connected to risk cards with depends-on links. The AI Risk Analysis feature identifies new potential risks from card data and flags risks with overdue mitigations.