Project Risk Plan

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The risk plan will lay out the actions to be taken to prevent risk, as well as those that will reduce the effects of the risk, should it come to bear on the project.


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Method123 Ltd is a rapidly growing company, with more than 45,000 customers and staff in 10 countries worldwide. It was the first company to release project management templates on the Web, and has a long track record in helping teams deliver projects more successfully. The Project Management Template Kit offers the complete set of templates needed to manage projects. They are the most comprehensive templates on the Web. The Project Management Methodology includes all of the Method123 templates, as well as an entire methodology for managing projects.

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From Method123 | Jul 31, 2009

A Risk Plan outlines the foreseeable project risks and provides a set of actions to be taken to both prevent the risk from occurring and reduce the impact of the risk should it eventuate. More specifically, the plan includes:

  • A full list of all of the foreseeable risks during the project
  • A rating of the likelihood of each risk's occurring
  • A rating of the impact on the project should each risk actually occur
  • A priority rating of the overall importance of each risk
  • A set of preventative actions to reduce the likelihood of the risk's occurring
  • A set of contingent actions to reduce the impact should the risk eventuate
  • A process for managing risks through the project.

The following is a template for a Project Risk Plan, provided by Method123.

The attached Zip file includes:

  • Intro Page.doc
  • Cover Sheet and Terms.pdf
  • Project Risk Plan.pdf
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