Risk Register Template

Appendix 1: Risk Register Template

File No.:

Risk Register as at Project Manager: Project Scope: A brief description of the scope of the projectRating for Likelihood and Seriousness for each risk

LRated as LowERated as Extreme (Used for Seriousness only)

MRated as MediumNANot Assessed

HRated as High

Grade: Combined effect of Likelihood/Seriousness

Seriousness

LikelihoodlowmediumhighEXTREME

lowEDCA

mediumDCBA

highCBAA

Recommended actions for grades of risk

GradeRisk mitigation actions

AMitigation actions to reduce the likelihood and seriousness to be identified and implemented as soon as the project commences.

BMitigation actions to reduce the likelihood and seriousness to be identified and appropriate actions implemented during project execution.

CMitigation actions to reduce the likelihood and seriousness to be identified and costed for possible action if funds permit.

DTo be noted - no action is needed unless grading increases over time.

ETo be noted - no action is needed unless grading increases over time.

Change to Grade since last assessment

NEWNew riskGrading decreased

No change to GradeGrading increased

RISK REGISTER - Last Updated:

IdDescription of RiskIdentify consequences[1]LikelihoodSeriousnessGradeChangeMitigation ActionsResponsible OfficerCost

1.1Inadequate funding to complete the projectMMBNEWRe-scope project, focusing on time and resourcingProject ManagerNA

1.2Lack of technical skills in partnerHHADevelop training planConsultant$2000

Written Assurance from partnerPartnerNA

[1] In larger projects, the consequences of the threat may not be evident, and noting them under each risk, or in a separate column can be useful in identifying appropriate mitigation actions.