Risk Register

Risk Register: [PROJECT NAME] 
 Last Updated: YYYY-MM-DD
 Owner: Project Manager
 Review Frequency: Weekly (sprint planning) 
 
 Risk Matrix 
 
 
 
 
 Low Impact 
 Medium Impact 
 High Impact 
 
 
 
 
 High Prob 
 Medium 
 High 
 Critical 
 
 
 Medium Prob 
 Low 
 Medium 
 High 
 
 
 Low Prob 
 Low 
 Low 
 Medium 
 
 
 
 Active Risks 
 
 
 
 ID 
 Risk Description 
 Category 
 Probability 
 Impact 
 Score 
 Mitigation Strategy 
 Owner 
 Status 
 Date Identified 
 
 
 
 
 R-001 
 
 Technical / Resource / Client / External 
 L/M/H 
 L/M/H 
 L/M/H/C 
 
 
 Open / Mitigating / Closed 
 
 
 
 R-002 
 
 
 
 
 
 
 
 
 
 
 
 
 Risk Categories 
 
 Technical — Technology limitations, integration issues, performance 
 Resource — Availability, skill gaps, capacity 
 Client — Decision delays, requirement changes, availability 
 External — Third-party dependencies, regulatory, market 
 Financial — Budget overrun, payment delays 
 Timeline — Deadline pressure, estimation errors 
 
 Risk Response Strategies 
 
 Avoid — Eliminate the threat by changing plan 
 Mitigate — Reduce probability or impact 
 Transfer — Shift to third party (insurance, outsource) 
 Accept — Acknowledge and monitor (for low-impact risks) 
 
 Closed Risks 
 
 
 
 ID 
 Risk 
 Resolution 
 Date Closed 
 
 
 
 
 
 
 
 
 
 
 
 Review Log 
 
 
 
 Date 
 Reviewer 
 Changes