How to create a risk register

In product management, risks and rabbit holes are potential challenges that can delay the release of new features or solutions, and a risk register is a crucial tool for managing these issues. Risks are known problems that might affect project timelines, while rabbit holes are unknown issues that require further investigation. A risk register serves as a centralized document to capture and address both types of issues systematically. It includes essential components like the date raised, unique ID, product area, description, type, probability, impact, priority, response, and ownership. Ideally created during the planning stage, the risk register aids in identifying, discussing, and mitigating risks throughout the product development lifecycle, ensuring that product managers can effectively communicate with stakeholders and maintain project timelines.