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Risk IDRisk SummaryWorkstream
Probability
ImpactMitigation StrategyResponsibleNext steps
ETA of Next Step
StatusEntry Date
Last Update
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it is vital to code your Risk with an ID so that when you speak about it in other documentation, someone knows exactly where to go. You can even hyperlink to this exact cell.Explain in as much detail what the risk is and more importantly what is the impact of this risk if left unmitigated.if the risk is overarching then explain that here. Otherwise just put the workstream name in that it is associated with.Choose a value about how likely it is to happen. Speak to your subject matter experts. What is the impact on the goals of the project if it is left unmitigated? Speak to your Subject Matter experts for an opinion.Explain what the team will do to solve for the risk.who can do most to mitigate this risk?What are the next steps to mitigate the risk? Who takes the steps and when?open - we know of the risk, it hasn't happened yet
closed - we have accepted the risk or mitigated it
materialized - the risk is happening and now having an effect on the goals of the project		Always come back to risks that are not closed. Why are they not closed. write any updates here and update the rest of the cells if necessary afterwards.
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LowMediumOpen
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HighLowMaterialized
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