LinkedIn 
EmailHow to Use Corporate Education Group’s Risk Log Templates
Risk management is a critical component of successful project execution, helping teams identify, assess, and mitigate potential challenges before they impact project goals. Corporate Education Group (CEG) offers a Risk Log Template to help professionals track and manage project risks effectively.
What Is a Risk Log Template?
A Risk Log Template is a structured document used to record and monitor potential risks throughout a project. It helps project managers and teams:
- Identify potential risks early
- Assess the likelihood and impact of risks
- Assign risk ownership and mitigation strategies
- Track risk status and resolution progress
How to Use the Risk Log Template
- Identify Risks
- List all potential project risks, including technical, financial, operational, and external risks.
- Be as specific as possible when describing each risk to ensure clarity and understanding.
- Assess Risk Probability and Impact
- Determine the likelihood of each risk occurring (e.g., Low, Medium, High).
- Evaluate the impact on the project if the risk materializes (e.g., Minor, Moderate, Severe).
- Assign a risk priority level based on these factors.
- Define Mitigation and Contingency Plans
- Document proactive steps to reduce the likelihood of the risk occurring.
- Develop a contingency plan in case the risk materializes, outlining how the team will respond.
- Assign Risk Ownership
- Designate a responsible team member to monitor and manage each risk.
- Ensure accountability and regular follow-ups on mitigation actions.
- Track Risk Status
- Update the log as risks are mitigated, escalate if new threats arise, and adjust plans as needed.
- Use categories such as Open, In Progress, or Resolved to track the risk status.
Why Use the CEG Risk Log Template?
- Enhances Risk Visibility — Keeps risks organized and top of mind for project teams.
- Improves Decision-Making — Provides a structured approach to risk assessment and response.
- Strengthens Accountability — Assigns clear ownership and action items for risk management.
- Reduces Project Delays — Proactive tracking helps mitigate risks before they become major issues.
By utilizing the Corporate Education Group’s Risk Log Template, teams can confidently manage uncertainties, keeping projects on track and ensuring successful outcomes.
Download the Risk Log Templates today and take control of your project risks!
Online Business Analysis Certificate Program
Our Business Analysis Certificate Program is a self-paced, on-demand training program available any time you are ready to learn. It aligns with IIBA®’s BABOK® Guide and will prepare you to sit for the CBAP® Exam.
Learn More
Requirements Workshop:
The 4 P’s
In order to have a successful requirements workshop, follow the Four P’s Approach — plan, prepare, practice, and perform.
Watch Video
- ©2025 Corporate Education Group, operated by CEG Operating Company, LLC. All Rights Reserved.
Privacy Policy | Terms and Conditions - PMI®, PMP®, CAPM®, PgMP®, PMBOK®; and the PMI®; Registered Education Provider logo are registered trademarks of the Project Management Institute, Inc. CBAP® and IIBA® are registered trademarks of International Institute of Business Analysis. All other trademarks mentioned on this site are property of their respective owners. All rights reserved. CEG is an approved Authorized Partner within the Blanchard Authorized Partner Program and is licensed to market, sell, and train SLII®.