VULA
Version 1.0
Free Resource
Free Resource
Free Business Resource
Project Risk Checklist
Identify, assess and manage project risks before they become issues.
Every project carries risk. The difference between successful and unsuccessful projects is often how early those risks are identified and managed. This checklist helps project teams evaluate common risks, assign ownership and plan appropriate mitigation actions.
Identify potential risks at the start of the project
Assess likelihood and impact for each risk
Assign a clear risk owner
Define specific mitigation actions
Review risks regularly throughout the project lifecycle
Project Information
Project Name
Project Manager
Sponsor
Start Date
Target Completion
Version
Risk Register
| Risk Description | Likelihood (H/M/L) | Impact (H/M/L) | Priority | Owner | Mitigation Action |
|---|---|---|---|---|---|
Common Project Risks
- Scope changes after the project starts
- Budget overruns due to underestimation
- Resource constraints — key people unavailable
- Technology issues or vendor delays
- Poor stakeholder engagement or sponsorship
- Inadequate communication between teams
- Supplier or third-party delays
- Data quality issues affecting delivery
- Security and compliance concerns
- Training and adoption challenges at go-live
Risk Review
Highest priority risks requiring immediate attention
Actions Required
| Action | Owner | Due Date | Status |
|---|---|---|---|