What are the objectives of the Risk Register?

What are the objectives of the Risk Register?

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The objectives of the Risk Register are:

	To identify risks inherent in the project. Some risks are generic such as errors in pricing while others identified will be specific to the project such as foundation failure.

	To manage the identified risks. The Risk Register describes who will take what action to manage the risk or minimise the likelihood of the risk happening.

	To assess the time and cost consequences of the risk.