Appendix 2: Sample Risk Template

Risk Name

Risk Register Number

Allocation:

Description:

Chance Risk Event Occurs

Base cost estimate

Is risk quantifiable?

Cost Impact

Low: 95% certain if risk event occurs, cost will not be less than (1)

Assumption

Change in Base Cost

Justification

Most likely outcome

High: 95% certain if risk event occurs, cost will not exceed

Notes:

Risk Mitigation Plan: