What should be included in a risk register?

• A. Sales forecasts for the upcoming quarter
• B. Identified risks, their impact, likelihood, and mitigation strategies
• C. Employee performance reviews
• D. Marketing strategies for project outreach

Answer: (B)

Including identified risks, their impact, likelihood, and mitigation strategies in a risk register is crucial for effective project management. A risk register serves as a centralized document where potential risks associated with a project are recorded and analyzed. By detailing the risks along with their potential impact and likelihood, project managers can prioritize which risks require more immediate attention and develop appropriate strategies to mitigate them.

The inclusion of mitigation strategies is particularly important as it outlines the actions the project team can take to minimize the risks or their impacts. This proactive approach is essential for preparing for uncertainties that might affect the project's success, ensuring that the project remains on track and within budget.

While the other choices might be relevant in different contexts within a project, they do not pertain specifically to the purpose and content of a risk register, which is focused solely on identifying and managing risks.