[Insert Project Name] Last Updated: [insert date] Risk Log 1 0.00 [insert date, then status report] 2 0.00 [insert date, then status report] 3 0.00 [insert date, then status report] [Instructions: In the first column, enter the risk or threat that must be assessed and tracked. In the 2nd column, enter the Risk Category or the classification of the risk based on the area the risk applies; standard categories include: Business; Political/Legal; Project Management; Technical, Quality or Performance; Resources. Weigh identified risks according to the severity of consequences (impact level) and the likelihood of occurrence (%) to arrive at the risk rating. The impact level can be any number within a pre-defined range (1-3, 1-5, 1-10, etc). The occurance probability is the likelihood that the risk will occur using percentages (20%, 50%, etc). The rank is equal to the impact level multiplied by the occurence probability. The cells below are already formatted for this purpose and this formula is embedded in the ranking cells. Mitigation activities are those actions the team will take to lower the probability that the risk will occur, or the actions that can be taken to completely avoid the risk. The contingency is the backuu activity necessary if the mitigation activity does not reduce or elimate the identified risk. In the last columsn, enter who the risk was assigned to, what the status date is and what the current status of the risk is. Occurrence Probability RankMitigation Activities Status Risk, Threat Business Priority Risk Category Impact Contingency Assigned to: Risk Management Strategy $ASQrisk log template[1].xls 1[Insert Project Name] Last Updated: [insert date] Risk Log Occurrence Probability RankMitigation Activities Status Risk, Threat Business Priority Risk Category Impact Contingency Assigned to: Risk Management Strategy 4 0.00 [insert date, then status report] 5 0.00 [insert date, then status report] 6 0.00 [insert date, then status report] 7 0.00 [insert date, then status report] 8 0.00 [insert date, then status report] $ASQrisk log template[1].xls 2[Insert Project Name] Last Updated: [insert date] Risk Log Occurrence Probability RankMitigation Activities Status Risk, Threat Business Priority Risk Category Impact Contingency Assigned to: Risk Management Strategy 9 0.00 [insert date, then status report] 10 0.00 [insert date, then status report] $ASQrisk log template[1].xls 3