This Risk Management Worksheet is a template spreadsheet that will quantify the overall risk for a given project. Project staff should list a risk description, a risk type, probability of occurrence, impact of the risk, contingency plan, mitigation plan, risk owner, and status. The spreadsheet will automatically calculate risk exposure by multiplying the risk probability by the risk impact. The overall risk is then totaled. There is also a separate issue management worksheet. Project managers should use this form to track and mitigate project risks and issues.