For instance, you might forget to communicate something or your message may not be read by the recipient.Ī communication plan can help mitigate these issues. Additionally, communication is prone to errors. Navigating the fine line between overcommunication and undercommunication can be challenging. Contingency plan - Decide upfront what steps will be taken if the risk materializes.Prevention plan - Outline an actionable plan for preventing this risk.Risk owner - Assign someone responsible for monitoring and controlling this risk.Approach - Based on likelihood and severity, decide whether to ignore the risk or prepare prevention and contingency plans.Severity - Rate the potential impact if the risk occurs on a scale from low to high. Likelihood - Rate the probability of the risk occurring on a scale from low to high.The risk register template looks like this: There are also smaller risks that contribute to these primary ones, such as integration issues.Ī risk register helps you track and address these risks by providing a structured approach and serving as a tangible reminder of potential issues.Īccess a free risk register template in Google Docs or download the entire project management workbook in Excel. These include primary risks, such as not meeting deadlines, not delivering within scope, and exceeding budget. Project management, in many ways, is about managing risks. You can also download the entire workbook in Excel (.xlsx) format. Please select File > Make a copy before making edits to the spreadsheet.
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