10 Risk Management Questions

Here are 10 important questions every risk management team should answer for each risk in the risk register:

1. What is the risk?
2. Why take this risk?
3. Why avoid this risk?
4. What is the risk trigger?
5. How will we know if the risk occurs?
6. Can we transfer the risk to others?
7. How much will it cost to mitigate this risk?
8. What is the mitigation deliverable for this risk?
9. When is the mitigation deliverable due?
10. Who is responsible for managing the risk?