Risk Register and Risk Issue Templates

Summary
The risk register tool is intended to provide a framework for Implementing Agencies (IA) to identify and document project risk. The risk register tool consists of two templates: a) initial risk issues and
risk register. The Scalable Project Management Tools Subcommittee recommends that the Implementing Agency (IA) use the initial risk issues template for projects that all under the C- Routine scalable category and the risk register for the A- Complex and B-Non-routine scalable categories. Note: At the discretion of the IA, projects that fall under category B could use the initial risk issues template.

Purpose
To ensure project managers, project control officers, coordinators, and other staff who manage King County capital improvement projects (CIP) know how to use and apply the risk register tool to their projects.

Objective
The objective of the Risk Register tool is as follows:

Allow IA project management staff to gain knowledge about and understand how to use the risk register template and the initial risk issue temple tools when identifying the probability and impact of project risks.

Risk Register and Risk Issue Templates
The risk register and initial risk issue templates were developed in Microsoft Word using a table format. The initial risk issue template that is recommended for scalable projects that fall under category C (routine) focuses on a general set of areas that the risk may occur in e.g. schedule, environment, funding. The areas are then rated (low, medium, or high) in the following categories: occurrence and priority. The risk register template that is recommended for the scalable projects that fall under categories A and B focuses on identifying the project risk in each of the capital project phases. A thorough description of each risk is recommended along with identifying the probability, impact, threat/opportunity, risk owner, risk response, cost, and mitigation (management reserve cost). Both templates involve an iterative process throughout the life of the project; therefore the templates were not designed to integrate within the King County Systems such as ABT and PIC. Refer to Risk Issues Template and Risk Register Template.

Risk Issues Template

Item	
Phase(s) Mostly to Occur	

Risk Element	
Risk of Occurring (low, moderate, high)	
Priority (low, moderate,
high)	
1		Technology			
2		Project Schedule			
3		Interfaces			
4		Experience/Capability			
5		Environmental Contamination			
6		Regulatory Involvement			
7		Vendor Issues			
8		Resource Availability			
9		Quality Requirements			
10		Project Funding			
11		Political Visibility			
12		Public Involvement			

Risk Register Template	
Risk Info	Risk Element	Risk Characterization	Risk Management	Risk Financial	

Risk Id	

Risk Description	

Technical	

External	

Organization	

Project Management	

Threat/ Opportunity	

Probability (%) (Low, Medium, High)	
Impact
(Low, Medium, High)	
Risk Owner	
Avoid	

Transfer	

Mitigate	
Accept	

Comments to the Risk Response	
Risk Cost	

Management Reserve Cost	
Phase 1 - Planning	
1.1																	
1.2																	
Phase 2 - Preliminary Design	
2.1																	
2.2																	
Phase 3 - Final Design	
3.1																	
3.2																	
Phase 4 - Implementation	
4.1																	
4.2																	
Phase 5 - Close-Out	
5.1																	
5.2																	
Phase 6 - Acquisition	
6.1