• Version 2016
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• Create Date August 24, 2016
• Last Updated August 14, 2018

This is a risk register example which has been partially filled out with identified risks, their description and potential consequences, risk assessment (damage, likelihood and level of risks), measures for their management, and their owners. The list of risks in the register isn't exhaustive, but it does give a good idea of how a company's completed risk register might look.

Utilizing a risk register allows management to more deeply assess risk characteristics and the negative consequences of their occurrence. It is important to point out the measures necessary for risk management including means of transferring and minimizing risks. The identification of risk owners helps management to define those who are responsible for taking measures to manage particular risks. It also allows you to set out zones of responsibility, properly allocate resources and assign an acceptable timeframe.

Filling out a template requires that management and all risk owners take part. Review of a risk register might depend on changing internal and external conditions (the end of a financial period, reorganization etc.). It's important to note that risks should be described in detail in a real-life situation, and all actions taken must be measurable and contain both a timeframe and a budget.

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