This Precedent Risk register is a tool for collating and managing all your risk information in one place. To formulate an effective risk register, you must first identify the risks your organisation faces. It is also helpful to have an understanding of your organisation’s appetite for risk. The risk register enables you to categorise each risk the organisation faces, score each risk and then decide on your response to each risk, eg reject or accept and, if you accept, to control or mitigate the risk. There is a separate Precedent for a privacy risk register.