How to Create a

Project Risk Register

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 Project Risk Register: Overview
• Risk Management Activity (Planning)
• Identifies and Record
– Project Risks
– Risk Probability (chance or likelihood)
– Risk Impact (effect)
– Risk Owners
– Risk Score (Probability * Impact)
• For further analysis
• To prepare for risk responses
 Process Model

Plan Identify Assess Respond

 Risk Register Example:
Training Project
S.No Risk Probability Impact Owner Score
1 Training material s not arriving on Medium High Mr. 5 * 10 =
time 5 10 50
2 Computer/ Projector malfunction Low Medium Mr. 2*5=
2 5 10
3 Trainer resigns without prior notice Low High Mr. 2 * 10 =
2 10 20
4 Training requirement (scope) changes Medium 5 Impact 10 Mr. 50

S.No Risk Probability Impact Owner Score

1 Training material s not arriving on Medium High Mr. 50
time 5 10
2 Training requirement (scope) changes Medium 5 Impact 10 Mr. 50
3 Trainer resigns without prior notice Low High Mr. 20
2 10
4 Computer/ Projector malfunction Low Medium Mr. 10
2 5
Risk Identification Techniques:
Brainstorming
Risk Identification Techniques:
SWOT
 Task Analysis
Define Probability
Understand Risk Define Probability Criteria - Quantitative
Management Process Plan Risk Criteria - Qualitative (Numerical Scale e.g.
Model (Low, Medium and High) Low =2 Medium =5 High
= 10)

Define Impact Criteria -

Define Impact Criteria - Discuss experts and
Quantitative (Numerical
Qualitative (Low, Perform Brainstorming Underline ideas for
Scale e.g. Low =2
Medium and High) uncertainties
Medium =5 High = 10)

Risk Register Template

Review Threats further Review Opportunities with Risk, Probability,
Perform SWOT Analysis
for Negative Risks further for Positive Risks Impact, Owner and Score
(Probability * Impact)

Assign Probability and

Record Negative and Calculate Risk Score
Impact values for
Positive Risks from SWOT Assign Risk Owner for which is the product of
individual risk
and Brainstorming individual risks probability and impact
(Qualitative and
Sessions values
Quantitative)

Prioritize risks in
ascending or descending
order of risk scores and
finalize it.
 Thank You

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