Risk Register Workbook Instructions This template is to be used for identifying risks and creating plans for how to avoid them (negative risks) or how to m managing them throughout the project. The first sheet, titled Risk Register, shows a number of fields to use for gathering the following information about ris Risk ID is some unique value that identifies the risk. Risk Name is a short description of the risk. Risk Description "If this risk occurs, then what impact will it have on the project?" It should be written as an "If, Impact as rated on a very low, low, medium, high, and very high scale. Probability as rated on a very low, low, medium, high, and very high scale. Risk Ranking: Using the risk matrix found on the right on the Risk Register sheet, detemine the color code (risk Positive/Negative: Is this risk a positive risk (an opportunity) or a negative risk? Proactive Response Plan is a detailed plan of what changes will be made to the project, project scope, and/or WB Trigger Event is a description of how you will know if the risk has occurred or is about to occur. Reactive Contingency Plan is the description of what you plan to do if the risk happens. How will you react to th Form P-4 Project Manager: Name (816) XXX-XXXX Form P-4 Project Manager: Name (816) XXX-XXXX Risk Register ID Risk Name Example: please remove before completing document. 1 Critical equipment does not arrive on time. Risk Description If critical pieces of equipment do not arrive on time, the project will fall behind schedule. Impact Probability Risk Ranking VH,H,M,L,VL VH,H,M,L,VL What is the risk color code ? H H Red 2 3 4 Form P-4 Project Manager: Name (816) XXX-XXXX Positive/Negative Proactive Response Plan Is this a positive or negative What proactively can be attempted to risk from the risk matrix? make the risk happen or prevent it? 1. Add activities to the WBS to ensure with the manufacturer that the equipment is being built or shipped as required. 2. Have a member of project team go to the manufacturing plant to Negative ensure equipment parts are in progress and on schedule. 3. Add steps to the WBS to ensure the manufacturer ships on time. 4. Add steps to WBS to track the shipment as needed. ID Risk Name Form P-4 Risk Description Impact Probability Risk Ranking Project Manager: Name (816) XXX-XXXX Positive/Negative Proactive Response Plan Trigger Event What do you think will trigger the event? Reactive Contingency Plan What are your backup plans if the risk should occur? Parts do not ship on If possible, have a backup supplier assigned date. identified and standing by. Form P-4 Impact Very high High Medium Low Very low Very low Low Medium Probability Risk Matrix Project Manager: Name (816) XXX-XXXX High Very high Trigger Event Form P-4 Reactive Contingency Plan Project Manager: Name (816) XXX-XXXX