PROJECT RISK REGISTER
Project Name
Project Manager
RISK IDENTIFICATION
No.
Risk Description
Report
Date
Risk
Category
QUALITATIVE RATING
Expected
Date
Risk Assignee
Probabilit
y
Impact
Risk Score
RISK RESPONSE
Risk Response
KEY TERMS (Please refer to Risk Management Guidelines for further information):
1.
Risk Description: The risk stated in a complete sentence which states the cause of the risk, the risk, and the effect that the risk causes to the project.
2.
Risk Category: Categorization of risks by area of project affected e.g.: time, cost, scope, quality etc.
3.
Risk Assignee: The Risk Assignee undertakes all appropriate risk mitigating actions delegated by the Vendor PM and report status of the Risk.
4.
Probability: The likelihood that a risk or opportunity will occur (rated on a scale of Low, Medium, High of occurrence)
5.
Impact: The impact of the risk on the project if the risk occurs(rated on a scale of Low, Medium, High of occurrence)
6.
Risk Score: Determined by multiplying probability and impact (rated on a scale of Low, Medium, High of occurrence)
7.
Risk Response: The action which is to be taken if this risk occurs (Avoid, Transfer, Mitigate, Accept).
8.
Status: Active, Postponed, Closed
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Status