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Every project involves risks. Project managers understand that, while the risk is unavoidable, the ability to forecast it and plan a strategy to correct errors that may occur is part of project planning.
However, simply performing due diligence and preparing for project tracking is not enough; you must also be prepared to deal with that risk when it occurs. It is critical to have a mechanism in place to track risk throughout the lifecycle of your project. It's a problem if you don't recognize it at first, but it's a tragedy if you see it and don't track it.
What’s the solution? Quick answer: Risk Register Templates.
Get SlideTeam’s Handpicked Risk Register Templates
A risk register is an active tool in the arsenal of a project manager. It works hands-in-glove with your risk management strategy. The risk register is ready for use during execution while you plan for risk in the planning stage.
Let’s explore the templates now.
Template 1: Project Risk Register with Mitigating Action
The risk associated with a project is like a body’s shadow. As long as the body exists in the light, the shadow lives. A risk register can be your shed that will help you lose this shadow for a while. This template will help you analyze the occurrence of risk occurrence and its impact on the project and devise mitigation strategies. Get it now!
Template 2: Incident and Problem Management Process Project Risk Register
People who learn from their mistakes survive. Keeping that in mind, a project manager must learn from the mistakes and risk scenarios that occurred in the past. This template will be your partner in keeping a record of risk scenarios and keeping a check on them until they are resolved. It will help you record every detail, from the date of occurrence, description, frequency, and severity to the mitigation actions. Download it now!
Template 3: Risk Register PowerPoint Template
A single actualizing of a risky scenario will impact projects on different parameters — cost, time, and quality. A risk register will help you analyze (pre-occurrence) and record (post-occurrence) these impacts. For these, this sample template will help you outline a reduction strategy and contingency plans. Get it now!
Template 4: Risk Register Ultimate Change Management
A risk register is as helpful to a project manager as Jarvis is to Tony Stark, aka Iron man. It will help you look into the big picture without straining your eyes as it collects relevant information in one place. This sample template is a tool you need to manage and execute the change management process. Get it now!
Template 5: Risk Register PPT Template
This risk register template is your call to embrace the impact on your team. It will help you analyze and share possibilities, prepare the team for contingency plans, and assign risk scenarios to responsible persons. Save time spent in designing a risk register from scratch using this predesigned space to capture details. Get it now!
Template 6: Risk Register Mitigation PPT Template
Prepare for and lessen the effect of any potential risk with our risk register mitigation PPT Template. Our design provides you with foresight. Keep track of all impacts that the risks might have, their mitigation, etc. Get hold of this template now!
Template 7: Escalation Management System Project Risk Register
Incorporate this ready-to-use PPT Template and gain insight into the organization's ongoing challenges. This template serves as a practical resource that provides you with a detailed description of the risk along with its impact and severity. Click the download link below!
Template 8: Risk Register and Assessment Plan
Deploy our risk register and assessment plan PPT Layout that will help you consider your organization’s risks. Prepare for any and all potential threats by having your current controls intact. This template also showcases the total residual risk score and intensity to give you a broader image of the scenario. Get your template now!
Template 9: Risk Register Probability PPT Template
Assimilate our risk register probability PPT Template and learn how possible risks are assessed and counterbalanced to avoid negative consequences in the organization. Jot down all risk reduction strategies and contingency plans to safeguard your business. Download this slide now!
Template 10: Inherent Risk Register Including Likelihood and Consequences
When built using our predesigned template, an inherent risk register offers a clear picture of the risk quotient within a department. Our template has dedicated sections for risk description, date raised/reviewed, and the specter of consequences, which help prepare a roadmap for taking safety measures. Download it now.
The Final Word
Although risk register templates are handy for project owners as they work to identify and mitigate risks, there are some drawbacks to planning for risks. This can sometimes lead to ritualistic decision-making and a false sense of control over situations.
However, not all risks can be anticipated, leading to a concreteness fallacy in project plans. Maintain an open mind to avoid these pitfalls in your projects, even as you begin to identify and solve risks before they arise.
FAQs on Risk Register Templates
How do you write a risk register?
The steps to create a risk register are as follows:
- Identify risks
- Describe project risks.
- Calculate the risk’s impact
- Make a risk response strategy
- Prioritize project risks
- Identify risk owners
- Final notes
What are the elements of a risk register?
Risk registers include the following information:
- Identification number for risk
- Date of entry
- Risk description
- The likelihood that a risk will occur
- Risk’s potential impact
- The degree of danger
- Risk response owner
- Preventive measures
What is the difference between a risk assessment and a risk register?
A risk register is a document that lists all risks, in order of importance, that the company or a project manager has identified. Risk assessment, on the other hand, is a process that identifies, evaluates, and prioritizes a specific risk.
How do you conduct a risk assessment?
Steps to conduct a risk assessment:
- Determine the risk
- Examine the risk
- Control the risk
- Keep track of your findings
- Review controls
Here, it will be well worth the effort to remember that there is always a high probability of a low-risk event impacting your high-visibility project. Simply put, even after doing everything feasible to minimize, keeping your eyes and ears open is always a must.
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