ARE Project Management 2025 Complete Practice Exam

A risk register is indeed a comprehensive document that serves as a critical component of project management. It is designed to systematically identify, analyze, and detail all risks associated with a project. Within this document, each identified risk is documented along with relevant information such as its impact assessment, probability of occurrence, and the strategies developed to mitigate or respond to the risk.

This allows project managers and stakeholders to have a clear overview of potential risks and their respective management plans, enabling proactive decision-making and effective risk management throughout the project lifecycle. By continuously updating the risk register, project teams can monitor risks and their responses, ensuring that they adapt to new information or changes in the project context.

The other options do not capture the essence of what a risk register is. A project budget report focuses on financial aspects, a team member list tracks personnel, and a completion timeline outlines project deadlines—all of which are essential, but unrelated to risk management.