Risk Register Template

Risk register is a business record containing business risks and information about their origin, potential impact, affected organizational assets, probability or likelihood of occurrence and treatment options. Furthermore, risk register or risk ledger is a document that keeps track of all the identified risks to an organization or an individual project. Besides, it serves as a project management document to track completion of risk response procedures as well a historical record of risk management over time. There are many risk register templates that organizations can adopt and customize to address risks to resources or assets.

Risk register template may be used to record and track the activities of risk management processes, including the following:

• Risk identification
• Risk evaluation to evaluate the severity of and thereby prioritizing the risks
• Prescribing responses to minimize or eliminate the risks
• Track the progress of each risk mitigation strategy