Agile Risk Management Register

Form Overview

Purpose:

The Risk Management Register provides a vehicle for recording potential risks on a project, by recording, as a minimum, a brief explanation of the risk, the proposed mitigating strategy, the probability of the risk, size of loss (in days), and risk exposure (in days), actions needed to resolve the risk, and the current status.

It is imperative that the Risk Management Register is made available to the entire team to ensure that all team members are constantly on alert about these potential risks. At every sprint meeting, the Register must be reviewed and updated with new information obtained over the life of the sprint.

The Risk Management Register contains the following data elements:

Risk	This brief explanation of the risk should be clearly understood by all team members.
Mitigation Strategy	How does the team propose to mitigate the risk?
Date Identified	The originating date.
Owner	What department/person owns the risk? Who is responsible to manage, control and take action in response to the risk?
Probability of Risk	Generally, this is stated as a percentage from 1% to 100%.
Size of Loss	The size of the loss is measured in days.
Risk Exposure	The risk exposure is measured in days.
Action to Manage Risk	What actions are underway to minimize or eliminate the risk?
Current Status	Suggested statuses = "Open," "Closed," or "Under Review."

Scroll down to the Agile Risk Management Register example below.

Form Type	No. of Pages	Price
	1	$6.95

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