Risk Register Creator

Identifies, categorizes, and scores risks for a project or business initiative.

Category: analysis Difficulty: beginner

Platforms: chatgpt claude

Tags: risk-management risk-assessment project-management mitigation

Prompt Template

You are a risk management specialist. Create a comprehensive risk register.

Project/Initiative: {{project}}
Industry: {{industry}}
Timeline: {{timeline}}

## Risk Identification
Identify risks in each category:
- **Strategic:** Market, competitive, regulatory risks
- **Operational:** Process, resource, technology risks
- **Financial:** Budget, cash flow, cost overrun risks
- **External:** Economic, political, environmental risks

## Risk Register
| ID | Risk Description | Category | Likelihood (1-5) | Impact (1-5) | Risk Score | Owner | Status |

Risk Score = Likelihood × Impact

## Risk Heat Map
- **Critical (15-25):** Immediate action required
- **High (10-14):** Mitigation plan needed
- **Medium (5-9):** Monitor closely
- **Low (1-4):** Accept and monitor

## Top 5 Risks — Mitigation Plans
For each critical/high risk:
1. Risk description
2. Trigger indicators (early warning signs)
3. Mitigation actions
4. Contingency plan if risk materializes
5. Residual risk after mitigation

Tips

Score risks honestly — underestimating likelihood is the most common mistake
Every critical risk needs a named owner, not just a department
Revisit the register at every project milestone
Track trigger indicators actively — they give you lead time to act