Tips for Using the Risk Register Template
Just one of many project management forms, the risk register template can help you manage your project risks. Here are some tips for using the it:
1. Create your first risk register when the project plan is approved, using the risk section of the Project Plan as initial content.
2. Change the title of this document by choosing View in the Tools Menu. Next, select Header and Footer and then Custom Header.
3. Active risks in a period should be recorded in the Project Status Report for that period according to the thresholds for reporting risks in the risk management plan.
4. Identifying new risks and updating this log should be part of an ongoing risk management process with clear roles and responsibilities. See the Risk Management Plan Template for suggestions on such parameters.
5. Each risk should be assigned a number as a unique identifier (see left hand column of the template you've downloaded) that does not change over the life of the project and that is also used on the Project Status Report, Risk Identification Form, and Risk Impact Form.
6. There should be specific definitions for the terms high, medium, low, near-term, medium-term, and far-term.
7. If something is already occurring, it is an issue, not a risk. All risks that have become issues should go through an issue management process, but do not delete them from this record.