The final step in the risk identification process is documenting the identified risks. This involves creating a risk register or log that lists all the risks identified during the risk identification process and their potential impact and likelihood. A risk register is a comprehensive tool for managing and monitoring risks throughout the project or program lifecycle. It enables project teams to prioritize risks and develop appropriate risk responses and mitigation strategies to minimize their potential impact. By documenting the identified risks, the team can communicate them to stakeholders and other project participants and ensure they are adequately addressed. This step is crucial in ensuring that risks are properly managed, and the project or program remains on track. Failure to document and monitor risks can lead to costly delays, resource depletion, and even project failure.