Product

Product Tour

Explore Mastt

Watch how Mastt is used on $25bn+ of capital improvement portfolios

Use Cases

Capital Projects

Programs & Portfolios

Enterprise

roles

Project Consultants

Project Owners

REPORTING PLATFORM

Dashboards & Reporting

Contracts & Payments

Budget & Forecasts

Risks & Opportunities

Industries

Resources

Learn

Dashboard Examples

Download free dashboards & reports

Free Templates

Download free tools, guides, checklists, plans and more

Articles

Learn about Construction Project Management best practice

Webinars

Watch ConTech in action

SUPPORT

FAQs

Get answers for common questions

Get Help

Expert coaching, technical support and guidance

Log In See Product Tour

02 9133 4355

Talk to Sales

|

Log In

Everything Construction Project Management 👀

Blog & Articles Templates Webinars

Back to Glossary

Topic:

Construction Risk Management

Active Risk Management: Complete Guide to Proactive Risk Control

Learn how active risk management helps construction teams prevent problems before they happen with step-by-step guidance and practical tools.

Popular

Risk Register Template

Use this template to identify, track and treat any risks that could impact your project.

Download Template

What is Risk Register?

DEFINITION

A Risk Register is a tool used by project managers to evaluate and prioritize risks based on their likelihood of occurrence and the potential impact on project objectives should they materialize. It is a visual representation that helps in the systematic identification, assessment, and management of risks.

When to Use a Risk Register

A Risk Register should be used from the very beginning of a capital project and throughout its lifecycle. A Risk Register is most often first created during the project planning phase and is updated regularly as new risks emerge and existing risks evolve. The Risk Register is common feature of Project Reports, is essential during project review meetings, and is a critical tool for decision-making in risk management / contingency planning processes.