Risk Tracking Log
Date Target Estimating
# Risk Variables P I PIF Mitigation Strategy Strategy Status Positive Impact Negative Impact
Identified Date Assumption
P = Probability of occurring (1-3 where 1=Low & 3=High) Page1
Last Revised: I = Impact on project (1-5 where 1=Low & 5=High) Print Date: 7/19/2011
CSU/SCO 21st Century Payroll Project
Risk Tracking Log Definitions
This form is used to track and report project risk on CMS managed projects. The Risk
Tracking Log should be updated on a monthly basis.
Fields: The following fields occur in the header section of the form.
The month and year that the Risk Tracking Log was created
The following fields repeat with 1 row per project risk.
Sequential number used to designate the priority of the risk
#: based on the value of PIF with risks having the highest PIF at
the top of the list.
Risk Variables: A description of the risk related to the project.
Value of 1 to 3 representing the probability that the risk will
occur, with the 3 being the highest probability value.
Value of 1 to 5 representing the impact to the project if the
I: risk occurs on the project, with the 5 being the highest impact
P multiplied by I gives PIF (Probability/Impact Factor). Valid
values range from 1 to 15.
The action(s) planned to reduce the probability of the risk
occurring, the impact to the project if the risk occurs or both.
The person responsible to ensure that a particular mitigation
Mitigation Strategy Owner:
strategy is acted on.
Date Identified: The date that the risk was first identified in mm/dd/yy format.
The date by which enough of the mitigation strategy has
Target Date: been completed to reduce the risk probability, the risk impact
or both in mm/dd/yy format.
Date driven update on the progress of the mitigation
strategy(s) with date first in mm/dd/yy format and then a
description of the progress made on executing the
A description of the potential positive outcomes associated
with executing the mitigation strategy(s).
An assessment of the current state of the risk at the time the
risk was first identified.
A description of the potential negative outcomes associated
with not executing the mitigation strategy(s).
Review Section 6 Risk Management within "Project
Step 1. Management Approach (v1.1).doc" in
Step 2. Fill in the Project Number and Name in the header section.
Step 3. Fill in the Last Updated date with the current month and year.
Step 4. Complete/update a row for each project risk.
Template Version: 1.2 - 01/21/05
32d8f4e1-1125-4633-890b-0959e93876de.xls PacifiCare ADMO Page 2