Templates
Risk register template

Risk register template

Document, assess, and track potential threats with clear ownership and mitigation strategies.

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
Risk register template

Document, assess, and track potential threats with clear ownership and mitigation strategies.

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

A risk register template is a powerful tool that helps you identify, assess, and manage potential threats to your project or organization. This template gives you a step-by-step approach for documenting risks, their likelihood, potential impact, and mitigation strategies. When you’re managing a complex project, for example, this template allows you to quickly categorize risks across strategic, operational, financial, compliance, and reputational domains.

According to the Association of International Certified Professional Accountants, 63% of executives believe that there is “minimal” or “no” competitive advantage from their organization’s risk management processes. With this template, you can transform risk management from a compliance exercise into an actual strategic advantage.

Related categories

Preview of the template
Risk Description
Risk Event
Risk Category
Risk Cause
Risk Consequence
Impact Assessment
Probability of Occurrence
Impact on Project Objectives
Mitigation Strategies
Mitigation Actions
Risk Owner
Target Completion Date

Frequently asked questions

How can I determine the right risk categories for my specific project?

Start by examining your project’s unique characteristics and objectives. While our template includes five common categories (strategic, operational, financial, compliance, and reputational), you can customize these based on your industry and project needs. Consider what areas would have the greatest impact if something went wrong.

How detailed should my risk descriptions be in the register?

Your risk descriptions should be specific enough that anyone reading the register understands the nature of the threat without needing additional explanation. Include the potential trigger events and clear consequences. Aim for concise but comprehensive descriptions that provide enough context for effective decision-making about mitigation strategies.

What information should I include when defining mitigation strategies?

Effective mitigation strategies should specify actions that reduce either the probability or impact of the risk. Include the specific steps to be taken, resources required, timeline for implementation, and how success will be measured. Be realistic about what can be accomplished and focus on practical, actionable steps.

How do I prioritize which risks to address first using this template?

Focus on risks with both high probability and high impact ratings first, as these pose the greatest threat. Then address high-impact/medium-probability and medium-impact/high-probability risks. The template’s assessment fields help you visualize this prioritization clearly and allocate resources accordingly to the most critical threats.

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.