Riskilistan

Riskilistan is a term used in Finnish risk management to describe a compiled catalog of identified risks that may affect a project, program, or organization. It functions as the primary document for recording risk descriptions, likelihoods, impacts, owners, and planned responses, and it supports monitoring and governance throughout the lifecycle of an initiative. In practice, riskilistan mirrors the concept of a risk register found in many risk management methodologies and is often integrated into project management tools and governance processes.

A typical riskilistan entry includes: a unique risk ID; a concise description; category or source (such as technical, operational, financial, or external); an assessment of likelihood and impact (often translated into a risk score); identified triggers; existing controls; proposed or implemented mitigation actions; owner or accountability; target dates; and current status, including residual risk.

Maintenance involves regular identification, assessment, and updating, with reviews tied to project milestones or governance cycles. Risks may be re-scored as conditions change, new risks added, and closed when mitigations are effective or the risk migrates to an issue.

Benefits include improved visibility, accountability, and prioritization of risk responses, better resource allocation, and enhanced stakeholder communication. Common challenges are keeping data up-to-date, dealing with subjective scoring, avoiding over-complication, and ensuring integration with planning and decision-making.

Riskilistan is widely used across industries, including IT, construction, finance, and healthcare, and may be named risk log, risk register, or risk database in different contexts.