The Strategic Risk Register
• Risk description: A description of the risk
• Risk owner/ risk manager: The roles of the risk owners and risk managers (e.g.
Vice Principal in Education)
• Likelihood/ Impact : Provision of a score for likelihood and a score for impact
(1-4)
• Unmitigated score: The risk score as calculated by multiplying likelihood x
impact
• Response: Decision on how to deal with the risk
• Mitigating actions: Description of actions applied in order to reduce the
likelihood or impact of the risk happening. Only mitigating actions that are
complete or underway are reported in this column.
• Status: Status of the mitigating actions (complete/ currently underway)
• Mitigated score: The risk score as calculated by multiplying the likelihood and
impact of the risk aƜer the mitigating actions were applied.
• Target score: The risk score aƜer all mitigating actions have been completed.
• Risk Movement: A confirmation of the risk's movement since the last assessment
exercise (up, down, unchanged, new risk).
• Future planned actions: Actions that will commence in the future.