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Risk register templates

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Issue LogRisk Register
FormatSpreadsheetSpreadsheet
Works inGoogle Sheets and ExcelGoogle Sheets and Excel
Length3 slides3 slides
StyleModernCorporate

What a risk register should cover

A risk register lists the risks to a project or business, how likely each one is, how much it would hurt and what will be done about it. Reviewing it regularly means risks are handled before they become problems.

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Cover risk description, cause and effect, likelihood, impact, risk score, response and owner, and status and review date.

Score each risk for likelihood and impact, then focus on the top few, since a long list nobody reads protects no one.

Compare Issue Log and Risk Register, all 3 pages long, then pick the closest match and replace the sample text with your own.

Questions

What is a risk register?

A risk register lists the risks to a project or business, how likely each one is, how much it would hurt and what will be done about it. Reviewing it regularly means risks are handled before they become problems.

What should a risk register include?

Include risk description, cause and effect, likelihood, impact, risk score, response and owner, and status and review date. Score each risk for likelihood and impact, then focus on the top few, since a long list nobody reads protects no one.

How often should a risk register be reviewed?

Review it at least monthly for ongoing work, and weekly during an active project or a critical phase. Add new risks as soon as they are spotted.

What is the difference between a risk and an issue?

A risk is something that might happen, while an issue is a problem that has already happened. Keep an issue log beside the risk register so each gets the right attention.

How do you score a risk?

Rate likelihood and impact on a simple scale such as one to five, then multiply the two to get a score. Use the score to rank risks, not as a precise measure.

Where should I start with a risk register?

Start with Issue Log: Log each problem with its priority and owner, and see how long issues stay open. If that is not the right fit, compare it with Risk Register.

How many pages does a risk register need?

The templates here are 3 pages long. Cut any section you do not need; each template explains what its sections are for.

Can I make a risk register in Google Sheets?

Yes. These risk register templates work in Google Sheets and Microsoft Excel. All 2 templates are free, with no account or email needed.

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