Project Name: Create Inventory

Project Risk Management: Risk Register

Risk
#

Risk Description

Shelves do not hold the weight of the

1 supplies

Risk Trigger/ Early

Warning Signal

2 Theft from employees

Shelving creaks or bends

Supplies go missing, or
easy access to supplies

3 Complicated year-end inventory

Overload of supplies, or
problems with orders

Impact on
Project
(low=1,
high=5)

Probability of
Occurrence
Risk
(.10 to .90) Rating

0.5

0.1

0.3

Mitigation Action
Test with weights a few
days before putting
supplies on
Regular checks of supplies
Deal with problems right
away and check before
buying more supplies.

269453330.xlsx
Probability and Impact Matrix

Probability

Risk Ratings

0.90

0.90

1.80

2.70

3.60

4.50

0.80

0.80

1.60

2.40

3.20

4.00

0.70

0.70

1.40

2.10

2.80

3.50

0.60

0.60

1.20

1.80

2.40

3.00

0.50

0.50

1.00

1.50

2.00

2.50

0.40

0.40

0.80

1.20

1.60

2.00

0.30

0.30

0.60

0.90

1.20

1.50

0.20

0.20

0.40

0.60

0.80

1.00

0.10

0.10

0.20

0.30

0.40

0.50

0.00

Impact
Probability
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90

- Very remote chance of risk item occurring

- Slight chance of risk item occurring
- Small chance of risk item occurring
- Risk item could easily occur
- Good chance of risk item occurring
- Very good chance of risk item occurring
- Risk item likely to occur
- Highly likely that risk item will occur
- Almost certain risk item will occur

Impact
1
2
3
4

- Minimal impact on one project objective

- Small impact on several project objectives
- Concerning impact on project objective(s)
- Significant impact on project objective(s)

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269453330.xlsx
Probability and Impact Matrix
5

- Major impact on project objective(s)

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