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The Project Risk Register skill provides a comprehensive framework for identifying, assessing, and monitoring risks throughout a project's lifecycle. It transforms vague concerns into a structured, data-driven approach using a 5x5 probability-impact matrix, enabling teams to prioritize critical threats and assign clear ownership for mitigation and contingency strategies. Whether used during project kickoff or high-stakes gate reviews, this skill ensures visibility into potential blockers and facilitates informed decision-making to minimize surprises and maximize project success.