Preliminary Risk Log
An initial list of potential issues or challenges that could impact the project.
Preliminary Risk Log Template
Section titled “Preliminary Risk Log Template”
Explanation of Columns
Section titled “Explanation of Columns”- Risk ID: A unique identifier for each risk (e.g., R-001, R-002). This helps in tracking and referencing specific risks.
- Risk Description: A clear and concise description of the potential risk. What could go wrong?
- Likelihood (Low/Medium/High): Your initial assessment of how likely this risk is to occur.
- Potential Impact (Low/Medium/High): Your initial assessment of the severity of the consequences if this risk materializes (e.g., delays, budget overruns, reduced functionality).
- Initial Mitigation Strategy: Your initial thoughts on actions that could be taken to reduce the likelihood or impact of the risk.
- Notes: Any additional relevant information, such as the source of the risk, who is responsible for monitoring it, or related risks.
How to Use
Section titled “How to Use”During the initial project discussions, brainstorm potential risks. For each identified risk, create a new row in the log and fill in the columns based on your current understanding. This log will be revisited and updated throughout the project.