Templates
PMI risk register template

PMI risk register template

The risk register template aids you in identifying, assessing, and managing project risks following PMI standards.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
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Learn more
or Download template as PDF
PMI risk register template

The risk register template aids you in identifying, assessing, and managing project risks following PMI standards.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

Document and analyze potential project risks following Project Management Institute best practices with this PMI risk register template. With fields for risk description, likelihood assessment, impact evaluation, and response planning, you’ll have a structured approach to managing uncertainties. You can add as many risks too as needed into the template.

Research by PMI indicates that only 65% of organizations use standardized project management practices consistently, making this template an opportunity to elevate your risk management processes. For example, when planning a critical implementation with multiple dependencies, this template helps you identify technical, resource, and schedule risks before they impact your timeline or budget.

Related categories

Preview of the template
Risk Register
Risk Description
Likelihood
Impact
Response Strategies

Frequently asked questions

How do I prioritize risks in a PMI risk register template?

Prioritize risks by multiplying their likelihood and impact scores to calculate a risk score. Focus first on high-score risks (high likelihood and high impact), then address moderate risks. Very low risks can be monitored with minimal resources. Review priorities regularly as project conditions change.

What information should I include in the risk description?

Include a clear statement of the risk event, its cause, and potential consequences. Be specific about what might happen, why it could occur, and how it would affect your project objectives. Avoid vague descriptions and focus on observable, measurable impacts to facilitate better response planning.

How can I determine the appropriate response strategy for each risk?

Match your response strategy to the risk’s nature and priority. Use avoidance for high-impact negative risks, transfer for insurable risks, mitigation to reduce probability or impact, and acceptance for low-priority risks. For positive risks (opportunities), consider enhancement or exploitation strategies to maximize benefits.

What should I do with risks that have very low likelihood but very high impact?

These “black swan” risks require contingency plans despite their low probability. Document specific triggers to watch for, develop detailed response plans, and assign monitoring responsibility. Consider setting aside contingency reserves for these risks, as they can be project-killers if they occur.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.