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How to document a risk?

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The first risk in the first project that I'm currently managing has just materialized (yey!). How can I document it? Is there a template that is used to document all the risks in the project?
asked 8 years ago by anonymous

1 Answer

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You document the risk in the risk log. The risk log consists of a document that contains all the risks that actually materialized, when they materialized, what is their current status, what was done to mitigate these risks, etc...

There are many templates for risk logs (and they're all different), just google the term and pick one that suits your needs, although I think the easiest way to do it is to build one yourself, after all, all that you need to know is the following:

- Risk Id: Which corresponds to the Risk Id in the Risk Rating Matrix. See: http://www.projectmanagementquestions.com/2165/what-is-a-risk-rating-matrix
- Risk name: The name of the risk
- Risk occurrence date: When has the risk occurred
- Action: What is the action done to mitigate the risk
- Status: Open if we're still working on the risk, closed if we're done with it.
- Closed date: When was the risk closed.
answered 8 years ago by MaplePM (46,940 points)

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