Risk Register

Risk register template for identifying, assessing, and managing project risks.

📋 Version v2027 📅 Updated: 2027-01-01 ✅ Free — No Registration 📄 2 Formats
📦 PDF 📦 XLSX Project Management

Template Fields

The document includes the following fields:

# Field Name Type Required
Document Information
2 Organization Name text Yes ✓
3 Department / Section text No
4 Document Reference text Yes ✓
5 Document Edition
Options:2027 Edition, 2026 Edition
select Yes ✓
6 Issue Date date Yes ✓
7 Document Status
Options:Draft, Active, Approved, Completed
select No
Project Details
9 Project Name text Yes ✓
10 Project Manager text No
11 Phase
Options:Initiation, Planning, Execution, Closure
select No
12 Start Date date No
13 Target End Date date No
14 Progress (%) number No
Tasks & Milestones
16 Tasks
Columns:Task, Owner, Start, End, Status
table No
Notes & Terms
18 Notes textarea No
19 Terms & Conditions textarea No
Approvals & Signatures
21 Prepared By text No
22 Reviewed By text No
23 Approved By text No
24 Approval Date date No

Key Benefits

Systematic risk identification
Risk quantification and prioritization
Proactive risk mitigation
Team awareness and accountability
Historical risk data for future projects

How to Use This Template

1

Step 1: Identify all potential project risks

2

Step 2: Categorize each risk (technical, financial, operational, external)

3

Step 3: Assess impact and probability on a 1-5 scale

4

Step 4: Calculate risk score and prioritize

5

Step 5: Assign risk owners and develop mitigation plans

6

Step 6: Monitor risks and update status regularly

7

Step 7: Review and close risks that are no longer relevant

Features

Risk scoring matrix
Impact and probability assessment
Mitigation action tracking
Risk owner assignment
Status monitoring

Frequently Asked Questions

What is a risk register and who maintains it?
A risk register is a documented list of identified risks, their analysis, response plans, and status. The project manager maintains it with input from the team.
How is risk score calculated?
Risk Score = Impact x Probability. Both are typically rated on a 1-5 scale, giving a score from 1 to 25. Scores above 15 are usually considered high risk.
How often should the risk register be updated?
Weekly during active project phases, after major milestones, when new risks are identified, or when risk statuses change.

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