Risk Identifier
A numerical identifier for each risk.Risk Description
A textual description of each risk. Potentially links to extended risk analysis documentation.Risk Trigger
The trigger conditions that cause the risk to occur. Often omitted.Probability
An assessment of the probability of the risk. Often represented as a percentage or rating scale such as "likely, possible, unlikely".Impact
Impact if the risk occurs often as a "high, medium, low" rating. Impact may link to detailed analysis such as a cost estimate or impact assessment.Score
It is reasonably common to "score" the risk by multiplying probability × impact based on a numerical rating system.Ownership
The person accountable for the risk.Mitigation
Steps that are planned to mitigate the risk. This field can also be termed "treatment" if it is a common practice within your organization to take actions other than mitigation such as accepting, transferring or sharing risk.Residual Risk
A textual description of the risk remaining after treatment including any secondary risks.Accepted Probability
The remaining probability after treatment. This can be termed "accepted probability" to highlight that the owner is asked to accept this level of risk by approving the risk register.Accepted Impact
The remaining impact after treatment.Example
The following is a basic example of a risk register.
| Overview: Risk Register | ||
Type | ||
Definition | A document or system that is used to capture risk management status for a strategy, project or operations activity. | |
Also Known As | Risk Log | |
Related Concepts | ||
