NESTOR Session 91 Exam 1 Practice

A risk register is a living document used in risk management that records identified risks, their likelihood and potential impact, assigned owners, and the planned mitigation actions. This captures the assessment and the response steps for each risk, making it the exact description of a documented list of identified risks with their assessment and mitigation actions. It’s about tracking risk exposure over time so you can monitor changes and respond proactively. The other items describe different kinds of records irrelevant to risk management: a directory of approved vendors relates to vendor management, a log of finished features tracks product progress, and a schedule of daily tasks covers day-to-day execution.