Risk Registers can be your friend.
Is the register not your friend because its needy - every month it cries out to be updated? Once updated it goes to sleep for another month.The Risk Register is a great summary tool whether you're presenting to the board or just want to have a look at whole of risk status.
It is flexible in that different risk matrices can be included dependent on category.
If the risks are relatively low keep the risk matrix simple e.g High, Medium, Low. It isn't always necessary to follow the full blown risk management approach. Adjust it to a workable and meaningful tool.
The risk control columns provide the summary of all applied risk controls. If details are required refer to source documents (e.g Policy, Programs, Engineer Reports) they can even be linked.
More information required? Then add a column e.g cost.
Residual risk rating is able to be compared to inherent risk rating and judgements of the value or cost benefits can be made.
Build the register in excel and filtering tools help focus on a particular risk or any other analysis you may require.
Your register just wants some attention and then you'll have a friend for life.
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