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11 Elements of a Risk Register

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A risk register is a document or system that is used to capture risk management status. They are commonly used to manage strategy, project and operational risks. The following are common elements of a risk register.

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.


An assessment of the probability of the risk. Often represented as a percentage or rating scale such as "likely, possible, unlikely".


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.


It is reasonably common to "score" the risk by multiplying probability × impact based on a numerical rating system.


The person accountable for the risk.


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.


The following is a basic example of a risk register.
Overview: Risk Register
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


This is the complete list of articles we have written about risks.
AI Risk
Risk Avoidance
Brand Risk
Budget Risk
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Change Risk
Compliance Risk
Concentration Risk
Cost Risk
Country Risk
Credit Risk
Demand Risk
Dread Risk
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Exchange Rates
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Good Risk
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Risk Identification
Infinite Risk
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Project Risk
Pure Risk
Quality Risk
Recession Risk
Risk Mitigation
Refinancing Risk
Regulatory Risk
Reputational Risk
Residual Risk
Resource Risk
Revenue Risk
Risk Appetite
Risk Aversion
Risk Examples
Risk Management
Risk Management Process
Risk Matrix
Risk Meaning
Risk Measurement
Risk Taking
Risk Tolerance
Risk Triggers
Risk vs Issue
Risk vs Opportunity
Risk vs Uncertainty
Risk-Reward Ratio
Seasonal Risk
Secondary Risk
Security Risk
Settlement Risk
Risk Sharing
Speculative Risk
Strategic Risk
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Supply Risk
Systemic Risk
Tactical Risk
Taxation Risk
Technology Risk
Risk Transfer
Unforced Error
Upside Risk
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The difference between a risk and an issue.

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The definition of secondary risk with examples.

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A definition of risk perception with examples.


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A list of common risk controls.

Risk Value

A definition of risk value with example calculation.

Risk Impact

The common types of risk impact.

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