Free template
Risk register template (free Excel download)
A ready-to-use risk register. Score each risk 1 to 5 for probability and impact and the sheet calculates the score, the rating band and the expected monetary value for you.
Download
Free, no sign-up. .xlsx, 10 KB. Opens in Excel, Google Sheets, Numbers and LibreOffice.
What is inside
A ready-to-use risk register. Score each risk 1 to 5 for probability and impact and the sheet calculates the score, the rating band and the expected monetary value for you.
| ID | Free text. |
|---|---|
| Risk (cause, event, effect) | Because of X, Y may happen, which would lead to Z. |
| Owner | One named person. |
| Probability (1-5) | A whole number from 1 to 5. |
| Impact (1-5) | A whole number from 1 to 5. |
| Score | Probability × impact. |
| Rating | 15-25 high, 6-14 medium, 1-5 low. |
| Probability % | A percentage. |
| Cost if it happens | An amount in your currency. |
| EMV | Probability % × cost. |
| Delay if it happens (days) | A number. |
| Response | Pick from a drop-down: Avoid, Transfer, Mitigate, Accept |
| Response actions | Free text. |
| Due date | A date. |
| Status | Pick from a drop-down: Open, In progress, Closed |
Example rows show what good entries look like. Overwrite them, and add rows as you need; the formulas copy down.
How to use it
- List risks with the people doing the work, one row each, written as cause, event and effect.
- Score probability and impact from 1 to 5; the score, rating band and EMV fill in by themselves.
- Give every high risk an owner, a response and a due date, and review the sheet every reporting period.
The full method, with a worked example, is in this article.
When a spreadsheet stops being enough
A spreadsheet works for one project and one person. Once several people update it, or you need the numbers on a dashboard, copies drift apart. Critova has the risk register with its 5×5 matrix, EMV and Monte Carlo schedule risk, shared by the whole team and free during the launch.
Common questions
Is it really free?
Yes. Download it, change it and use it at work. No sign-up and no email address needed.
Does it work in Google Sheets?
Yes. Upload the .xlsx to Google Drive and open it with Google Sheets; the formulas and drop-downs keep working.
Is there an Arabic version?
Yes. Every template comes in English and in Arabic, and the Arabic file is laid out right to left.
Bring one schedule. See your critical path in an hour.
Free during our launch until 31 March 2027.
