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Why risk registers go stale

A risk register goes stale when nobody owns the actions in it.

1 min read

The register becomes a compliance task

Many registers are updated once a year because an audit or board cycle requires it. Risks change faster than that. By the time the register is reviewed, some entries no longer match how the business operates.

Owners are named but actions are not

A named risk owner is a start. The register stays current when each risk also has a specific action, a due date and a person responsible for it. Open actions give people a reason to return to the register.

Common questions

Before you book

What is the key point?

A risk register goes stale when nobody owns the actions in it.

The register becomes a compliance task: what does this mean?

Many registers are updated once a year because an audit or board cycle requires it. Risks change faster than that. By the time the register is reviewed, some entries no longer match how the business operates.

Owners are named but actions are not: what does this mean?

A named risk owner is a start. The register stays current when each risk also has a specific action, a due date and a person responsible for it. Open actions give people a reason to return to the register.

Link the register to decisions: what does this mean?

Bring the register into budget, project and strategy discussions. When leaders use it to make decisions, out-of-date entries get noticed and corrected.

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