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Risk Log Template

Updated: Apr 26

Control project risks using this template


Risk Log
.xlsx
Download XLSX • 26KB

Introduction

Our Risk Log Template is a structured document designed to help you identify, assess, and manage risks across various projects. Tailored for project managers, team leaders, and stakeholders, this template helps streamline the risk management process by offering an easy-to-follow format.


risk log example

What is the Purpose of the Risk Log Template?

The Risk Log Template offers a systematic way to record, assess, and track risks throughout the life cycle of a project. This helps to proactively manage potential pitfalls and seize opportunities, ensuring projects are more likely to be delivered on time and within budget.


Where and When to Use the Risk Log Template?

The Risk Log Template is highly versatile and can be used across a variety of scenarios:

  • Planning stages of a new project.

  • Ongoing risk management during project execution.

  • Audit and review exercises for past projects.

What's Inside?

The Risk Log Template contains key fields tailored for effective risk management:

  • Risk Log Entries: Detailed records of risks, including ID, description, category, probability, impact, risk score, mitigation strategy, owner, status, and last updated date.

  • Key Definitions: A glossary section explaining terms and fields used in the log.

Additional Information

  • Customisable: Modify the template to align with specific project needs or industry standards.

  • User-Friendly: Designed for easy use, with clear headings and simple layout.

  • Compatibility: Suitable for various formats and software applications.

Why Choose Our Risk Log Template?

  • Comprehensive: The template is robust, covering all essential aspects of risk management.

  • Efficiency: Save time by using a tried-and-true format, allowing focus on risk assessment rather than document setup.

  • Standardisation: Ensures that risk management is carried out in a consistent manner across projects.

  • Guidance: The template provides a systematic way to approach risk management, making it easier for both new and seasoned project managers.

Our Risk Log Template is an indispensable tool for effective risk management, helping you navigate the uncertainties of any project.


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