Project Risk Register

Project ____________ Date __________

How to Write a Risk Registry

Example: Risk mitigation registry for Green Campus Initiative

Potential
Category of Risk Specific Risk Potential Cause(s) Response(s) Owner Trigger

Lower quality trades

available, Work holdback 15%
insufficient of invoice, ensure Any low quality
Installation quality inspection of work, inspectors have Construction inspection, product
Ext - Suppliers lower than expected unclear expectations capacity Manager failure, delays

Category of Risk
 Project Risk Register
Project ____________ Date __________

Specific Risk

Step One: From each of you components of The Risk Breakdown Structure identify the specific risk.
Step Two: Develop a list of risks across the project.

Potential Cause

Just as it sounds identify the potential Cause

Potential Response

What would you do if and when the risk is identifited

Responsible

Who in the organization is responsible?

Trigger

What triggers action.

Response Strategy

Strategy Type of Risk Example

1.Change project
plan and/or scope

2.Improve project
Avoid Threat
communications
 Avoid Threat Project Risk Register
Project ____________ Date __________

3.Decide not to
perform project

1.Insurance
2.Fixed-price
Transfer Threat contract
3.Hire expert

1.Lower
probability and/or
impact of threat

Mitigate Threat 2.Build in

redundancy

3.Use more reliable

methods

1.Deal with it if
and when it
happens

2.Establish triggers
and update
Accept Threat and opportunity frequently

3.Establish time
and/or cost
contingencies

1.Get more and/or

better information

Research Threat and opportunity 2.Verify

assumptions

3.Use prototype

1.Assign talented
resources to project
Exploit Opportunity
 Project Risk Register
Project ____________ Date __________
Exploit Opportunity

2.Give more
emphasis to project

1.Allocate partial
ownership to third
party
Share Opportunity

2.Form a joint
venture

1.Increase
probability and/or
positive impact

Enhance Opportunity 2.Identify and

maximize key
drivers

3.Add more
resources
 Project Risk Register
Project ____________ Date __________

Quality
Response Strategy Probability Impact

Technical Complexity
ensure documented quality
standards, increase inspection
of low quality providers, Requirments
holdback payment until
rectified 3 3
Regulatory

Customer

External

Suppliers

Green campus
Labour Market
Initiative

Resources

Organizational Funding/Capital

Prioritization of
projects

Costing/Estimates

Project Communication
Management
 Prioritization of
projects

Project Risk Register

Project ____________ Date __________
Costing/Estimates

Project Communication
Management

Planning and
Control
 Project Risk Register
Project ____________ Date __________

Quality

Complexity

Requirments

Regulatory

Customer

Suppliers

Labour Market

Resources

al Funding/Capital

Prioritization of
projects

Costing/Estimates

nt Communication
 Prioritization of
projects

Project Risk Register

Project ____________
Costing/Estimates
Date __________

nt Communication

Planning and
Control