# What is the risk register in *Scale at Speed*?

The **risk register** is a Process tool described in [Chapter 7](https://2y3x.com/agents/book/scale-at-speed/chapter-7-processes/).

- A standing list of identified risks.
- Each risk has: **owner**, **likelihood**, **impact**, **mitigation**.
- **Reviewed quarterly by the [Growth Lab Team](https://2y3x.com/agents/method/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.