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07 Risk Register Guide

The Project Risk Register is a dynamic document used throughout the project lifecycle to record identified risks, their probability, impact, and response strategies. It employs a 5x5 scoring matrix to evaluate risks based on their likelihood and consequences, categorizing them into critical, high, medium, and low levels. The document also outlines the necessary fields for risk entries, including risk ID, description, owner, and status, along with sample entries specific to architecture and BIM.

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2014uar1684
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3 views2 pages

07 Risk Register Guide

The Project Risk Register is a dynamic document used throughout the project lifecycle to record identified risks, their probability, impact, and response strategies. It employs a 5x5 scoring matrix to evaluate risks based on their likelihood and consequences, categorizing them into critical, high, medium, and low levels. The document also outlines the necessary fields for risk entries, including risk ID, description, owner, and status, along with sample entries specific to architecture and BIM.

Uploaded by

2014uar1684
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Project Risk Register: Template and

Guide
Risk Identification, Scoring, and Management for AEC Projects

Purpose of the Risk Register


The Risk Register is a living document maintained throughout the project lifecycle. It provides a
structured record of all identified risks, their probability and impact, the assigned owner, and the
agreed response strategy. On ISO 19650-compliant projects, the risk register is referenced in the
BEP and reviewed at each information exchange milestone.

Risk Scoring Matrix (5x5)


Each risk is scored on two axes: Probability (1=Rare to 5=Almost Certain) and Impact (1=Negligible
to 5=Critical). The Risk Score = Probability x Impact.

Impact / Probability Rare (1) Unlikely (2) Possible (3) Likely (4) Almost Certain (5)

Critical (5) 5 10 15 20 25

Major (4) 4 8 12 16 20

Moderate (3) 3 6 9 12 15

Minor (2) 2 4 6 8 10

Negligible (1) 1 2 3 4 5

Score 15-25: Critical (Red) | 8-12: High (Orange) | 4-6: Medium (Yellow) | 1-3: Low (Green)

Risk Register Fields

Field Description

Risk ID Unique sequential reference (e.g. R-001)

Date Identified Date risk was logged

Category Design / Procurement / Programme / Cost / Regulatory / Stakeholder

Description Clear statement of the risk event

Cause Root cause or trigger condition

Effect Consequence if risk materialises

Probability (P) Score 1-5 per matrix above

Impact (I) Score 1-5 per matrix above

Risk Score PxI

Response Strategy Avoid / Transfer / Mitigate / Accept / Escalate

Response Action Specific action(s) to be taken

Owner Person responsible for the response


Due Date Target date for action completion

Residual Score Expected P x I after response

Status Open / In Progress / Closed / Escalated

Sample Risk Register Entries: Architecture/BIM

ID Risk P I Score Strategy Owner

R-001 No written brief issued by ARCH lead; modelling4begins4 without


16 direction
Mitigate: issue written RFI; document paper
BIM trail
Coord

R-002 Civil model submitted with unknown geometry errors


3 4 12 Mitigate: formal clash check before next BIM
submission
Coord

R-003 Clash detection not completed before DD issue 3 5 15 Avoid: enforce coordination gate in programme
PM

R-004 COBie data not populated by subcontractors 4 3 12 Transfer: include COBie obligation in subcontract
PM

R-005 Shared coordinate system reset by new team member


2 5 10 Mitigate: lock Project Base Point; document
BIM in
Coord
BEP

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