Project name:
Project manager:
[Text in red and enclosed in [ ] is explanatory and should be deleted]
ID	Risk description	Likelihood	Impact	Severity	Owner	Mitigating action	Contingent action	Severity after mitigation	
[1]	[There is a risk that.... If this happens.....]	[High/Medium/Low]	[High/Medium/Low]	[High/Medium/Low. See Severity Table]	[Person managing the risk]	[Actions that can be taken to reduce the likelihood of the risk occurring. May also be acceptance of the risk or transference of the risk e.g. insurance]	[What will be done if this risk does occur? Usually actions to reduce the impact on the project]	[High/Medium/Low. See Severity Table]

 		 	 	 	 	 	 	 	

Severity table aka risk matrix
		Likelihood	
		1	2	3	
Impact	1	Low	Low	Medium	
	2	Low	Medium	High	
	3	Medium	High	High