Current risk status is a field in a risk register that is used to track the current status of a risk. Possible entries for current risk status might include:
- New: This status is used when a risk has been identified but has not yet been assessed or mitigated.
- In progress: This status is used when the risk is being actively managed or mitigated.
- Mitigated: This status is used when the risk has been successfully managed or mitigated.
- Accepted: This status is used when the risk has been identified and assessed, but it has been determined that it cannot be mitigated and will be accepted as a potential future event.
- Closed: This status is used when the risk has been fully addressed and is no longer a concern.
The specific entries for current risk status will depend on the needs and goals of the organization, and the specific risk management processes in place. It is important to choose clear and consistent definitions for each status to ensure that the risk register is accurate and useful.