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PK0-003 · Question #45

The difference between a risk matrix and a risk register is that:

The correct answer is A. the risk register states the risk owner.. A risk register is a comprehensive document that details all identified risks, including their specific attributes and designated risk owners. In contrast, a risk matrix is primarily a visual tool for plotting risks based on their likelihood and impact.

Tools and documentation

Question

The difference between a risk matrix and a risk register is that:

Options

  • Athe risk register states the risk owner.
  • Bthe risk register contains less information than the risk matrix.
  • Cthe risk matrix states the risk owner.
  • Dthe risk matrix lists the risk description.

How the community answered

(28 responses)
  • A
    93% (26)
  • B
    4% (1)
  • D
    4% (1)

Why each option

A risk register is a comprehensive document that details all identified risks, including their specific attributes and designated risk owners. In contrast, a risk matrix is primarily a visual tool for plotting risks based on their likelihood and impact.

Athe risk register states the risk owner.Correct

A risk register is a comprehensive document that provides detailed information for each identified risk, including its description, likelihood, impact, mitigation strategies, and crucially, the designated risk owner responsible for monitoring and managing it. This ownership detail is a fundamental component of a risk register that is not typically present in a high-level risk matrix.

Bthe risk register contains less information than the risk matrix.

A risk register typically contains significantly more detailed information than a risk matrix, which primarily focuses on plotting risks by likelihood and impact.

Cthe risk matrix states the risk owner.

A risk matrix visually plots risks based on their likelihood and impact but does not explicitly state or document the risk owner as one of its primary functions.

Dthe risk matrix lists the risk description.

Both a risk matrix (typically in conjunction with a register or as labels) and a risk register list risk descriptions, so this is not a distinguishing difference between the two.

Concept tested: Risk management documentation differences

Topics

#Risk management#Risk register#Risk matrix

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