# Risk Register Template (AvaSkill Academy — Project Management)

A risk register is the living list of everything that could go wrong (or right) on your project, with a plan for each. Review and update it regularly — a risk register written once and forgotten helps no one.

## How to score a risk
- **Probability:** 1 (rare) to 5 (almost certain)
- **Impact:** 1 (negligible) to 5 (project-killing)
- **Score = Probability × Impact** (1–25). Act first on the highest scores.

## Register

| # | Risk description | Prob (1–5) | Impact (1–5) | Score | Response strategy (avoid / mitigate / transfer / accept) | Planned action | Owner |
|---|---|---|---|---|---|---|---|
| 1 | | | | | | | |
| 2 | | | | | | | |
| 3 | | | | | | | |
| 4 | | | | | | | |
| 5 | | | | | | | |

## Response strategies — quick guide
- **Avoid:** change the plan so the risk cannot happen.
- **Mitigate:** reduce the probability or the impact.
- **Transfer:** shift the impact to a third party (e.g. insurance, contractor).
- **Accept:** watch it, but take no action now (have a contingency plan for high scores).

## Review log
| Date | Changes made | Reviewed by |
|---|---|---|
| | | |