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Template - Risk Form

A Risk Form is a document which is completed by a member of a project to raise with management a new project risk. Risk Forms may be used to formally log any type of risk; however, the most frequent types of risks identified relate to the project: Scope deliverables Timescale Resources. Risk Forms are used during the 'execution' phase of the project as part of the risk management process.

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khaledhaddad
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© Attribution Non-Commercial (BY-NC)
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67 views

Template - Risk Form

A Risk Form is a document which is completed by a member of a project to raise with management a new project risk. Risk Forms may be used to formally log any type of risk; however, the most frequent types of risks identified relate to the project: Scope deliverables Timescale Resources. Risk Forms are used during the 'execution' phase of the project as part of the risk management process.

Uploaded by

khaledhaddad
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Risk Form©

For [Project Name]


Document Control
Document Information
©

Information
Document Id [Document Management System #]
Document Owner [Owner Name]
Issue Date [Date]
Last Saved Date [Date]
File Name [Name]

Document History

Version Issue Date Changes


[1.0] [Date] [Section, Page(s) and Text Revised]

Document Approvals

Role Name © Signature Date


Project Sponsor

Project Review Group

Project Manager ©

Quality Manager
(if applicable)

Procurement Manager
(if applicable)

Communications Manager
(if applicable)

Project Office Manager


(if applicable)

i
Template Guide
What is a Risk Form?

A Risk Form is a document which is completed by a member of a project to raise with


management a new project risk. Risk Forms may be used to formally log any type of risk;
however, the most frequent types of risks identified relate to the project:

• Scope
• Deliverables
• Timescale
• Resources.

Risk Forms typically include:

• Summary project information


• A description of the risk identified
• A rating of the likelihood and impact of the risk's occurring
• Preventative Actions to minimize the likelihood of the risk's occurring
• Contingent Actions to minimize the impact to the project should the risk occur
• An approval section.©

When to use a Risk Form

Risk Forms are used during the ‘Execution’ phase of the project (i.e. the phase within which
the deliverables are produced) as part of the Risk Management Process. The Risk Form
should be completed by the Risk Identifier and formally distributed to the Project Manager
for review. The Project Manager will determine whether or not the form provides adequate
information in order to submit it to the Risk Review Group for approval. The Project Manager
may request either that more information be provided, or that a formal feasibility study (to
assess the options for mitigating actions) be conducted. Following the completion of either of
these activities, the Risk Form will be presented to the Risk Review Group for approval. The
Project Manager will monitor the status of the risk and communicate the final decision of the
Risk Approval Group to the Risk Identifier.
©

How to use this template

This document provides a guide on the topics usually included in a Risk Form. Sections may
be added, removed or redefined at your leisure to meet your particular business
circumstance. Example tables, diagrams and charts have been added (where suitable) to
provide further guidance on how to complete each relevant section.

1
Risk Form

PROJECT DETAILS ©

Project Name: Name of the project to which the risk relates


Project Manager: Name of the project manager responsible for mitigating the risk

RISK DETAILS

Risk ID: Unique identifier assigned to this risk


Raised By: Name of person who is raising the risk
Date Raised: Date on which this form is completed

Risk Description:
Add a brief description of the risk identified and its likely impact on the project (e.g. scope, resources,
deliverables, timescales and/or budgets)

Risk Likelihood: Risk Impact:


Describe and rate the likelihood of the risk Describe and rate the impact on the project if the risk
eventuating (i.e. Low, Medium or High) eventuates (i.e. Low, Medium or High)

RISK MITIGATION

Recommended Preventative Actions:


Add a brief description of any actions that should be taken to prevent the risk from eventuating

Recommended Contingent Actions:


Add a brief description of any actions that should be taken, in the event that the risk happens, to minimize its
impact on the project

APPROVAL DETAILS ©

Supporting Documentation:
Reference any supporting documentation used to substantiate this risk

Signature: Date:

_______________________ ___/___/____

PLEASE FORWARD THIS FORM TO THE PROJECT MANAGER

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