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RISK PLAN
Project:
Project Leader:
Version:
Date:

Prob. of Magn. of Score Risk Description of

# Risk Event
Occurance Impact (Prob x Magn) Response Response

EXAMPLE: Reports don’t work Address in project

2 2 4 Mitigation
for people who need them communication plan

1 0

2 0 0 0

3 0 0 0

4 0 0 0

5 0 0 0

6 0 0 0

Risk Plan PMO208v0225

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Project:
Project Leader:
Version:
Date:

7 0 0 0

Risk Plan PMO208v0225

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Risk Owner

Project
leader

Risk Plan PMO208v0225

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Risk Plan PMO208v0225

[Insert Your Department Name] - [Insert Project Name] © The Project Management Office
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RISK RESPONSES

Threats Definition
Avoidance Eliminating the threat of a risk by eliminating the cause
Mitigation (Controlling) Reducing the consequences of a risk by reducing its severity of impact or likelihood of occurring
Acceptance Accepting the risk if it occurs
Transfer (Allocation) Assigning the risk to another party by purchasing insurance or subcontracting

Opportunities Definition
Exploit Increasing the opportunity by making the cause of the opportunity more likely
Increasing the expected monetary value, time or quality of a risk by increasing its likelihood of occurring or its severity of
Enhance
impact
Sharing Retaining appropriate opportunities or parts of opportunities instead of attempting to transfer them to others

Risk Responses PMO208v0225

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