Project Risk Register is one of the key elements of a project. Risk Register is a critical tool that is being used throughout the project. A Risk Register records all project risks, probability, impact, owner, initial responses and recorded date.

1. How to Create a
Project Risk Register
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2. 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

3. Process Model
Plan Identify Assess Respond

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

5. Risk Identification Techniques:
Brainstorming

6. Risk Identification Techniques:
SWOT

7. Task Analysis
Understand Risk
Management Process
Model
Plan Risk
Define Probability
Criteria - Qualitative
(Low, Medium and High)
Define Probability
Criteria - Quantitative
(Numerical Scale e.g.
Low =2 Medium =5 High
= 10)
Define Impact Criteria -
Qualitative (Low,
Medium and High)
Define Impact Criteria -
Quantitative (Numerical
Scale e.g. Low =2
Medium =5 High = 10)
Perform Brainstorming
Discuss experts and
Underline ideas for
uncertainties
Perform SWOT Analysis
Review Threats further
for Negative Risks
Review Opportunities
further for Positive Risks
Risk Register Template
with Risk, Probability,
Impact, Owner and Score
(Probability * Impact)
Record Negative and
Positive Risks from SWOT
and Brainstorming
Sessions
Assign Risk Owner for
individual risks
Assign Probability and
Impact values for
individual risk
(Qualitative and
Quantitative)
Calculate Risk Score
which is the product of
probability and impact
values
Prioritize risks in
ascending or descending
order of risk scores and
finalize it.

8. Thank You
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