What is the risk register in Scale at Speed?

The risk register is a Process tool described in Chapter 7.

• A standing list of identified risks.
• Each risk has: owner, likelihood, impact, mitigation.
• Reviewed quarterly by the Growth Lab Team.

"A risk register is an often overlooked but incredibly useful tool. In essence it's a prophylactic against small things that could have big, potentially disastrous consequences." — Chapter 7.

The formative story

Felix tells the story of one of his companies winning a contract from one of the UK's biggest retailers. They signed without question — only on compiling the company's first risk register did they discover they were already in breach of contract: it required £1 million of professional indemnity insurance, and the company carried a tenth of that.

The risk register exists to surface these silent existential risks before they become company-killers.