[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-240502-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-240502-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","risk-log-template-example-and-guidance-131","Risk Log Template Example and Guidance - 13.1","","A risk log template is provided to help counties identify, mitigate, and monitor risks, with preparation and oversight assigned to the county executive (trustees). The guidance explains how risks are logged by category in an Excel spreadsheet and how teams can raise concerns. It details the required fields, including likelihood and impact scoring, inherent and managed risk calculations, control recording, and action tracking by year. Review and revision are expected at each executive meeting.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/risk-log-template-example-and-guidance-131/240502/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/risk-log-template-example-and-guidance-131/240502.png","ImageObject",442,249,{"name":42,"@type":43},"Đào","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-23","2026-09-11",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",9,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Who is responsible for preparing and monitoring the risk log?","Question",{"text":63,"@type":64},"The responsibility for preparing and monitoring the risk log lies with the county executive (the trustees). County teams or subcommittees can raise potential risks with the executive.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What are the required risk log fields and how are risk scores calculated?",{"text":68,"@type":64},"The log includes likelihood (L), impact (I), inherent risk (IR = L x I), controls, then re-scored likelihood and impact to calculate managed risk (MR = L x I). The spreadsheet performs the calculations automatically.",{"name":70,"@type":61,"acceptedAnswer":71},"How should likelihood and impact be rated?",{"text":72,"@type":64},"Likelihood is rated from 1–5 (rare to almost certain) and entered in the L column. Impact is rated from 1–5 (negligible to extreme) and entered in the I column.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},240502,1789162106,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":26,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":80,"read_time":22},1374402968488,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","A risk log is a document used to identify, mitigate, and monitor risks. A template risk log has been prepared for use by counties, along with a generic example, to give ideas as to the kind of risks that may be included. The responsibility for preparing and monitoring the risk log lies with the county executive (the trustees), however any county team or subcommittee can raise a potential risk with the executive.  \nThe trustees are also responsible for ensuring that any required action is taken to reduce the risks. It is expected that the executive would consider risks at a county level, rather than with a specific unit for example, where the risks would be dealt with at a more local level.  \nTemplate risk log  \nExample risk log  \nHow to usethe risk log  \nThe log comprises of the following risk categories:  \n1. Governance  \n2. Safeguarding  \n3. Membership  \n4. Guiding delivery  \n5. Finance  \n6. Compliance  \n7. Emerging risk  \nThese are recorded under different tabs on the excel spreadsheet.  \nFor each category you should consider any potential risks and complete the schedule. The columns to be completed are:  \n\n| Risk area | A description of what the risk is and what any outcomes would be |\n| --- | --- |\n| Likelihood (L) | How likely is it the risk will occur |\n| Impact (I) | If the risk did occur how would it impact the county |\n| Inherent risk (IR) | Calculated based on L X I (the spreadsheet does this automatically) |\n| Controls | Record any controls in place to manage the Inherent Risk |\n| Likelihood (L) | Rescore the likelihood taking into account the controls |\n| Impact (I) | Rescore the impact taking into account the controls |\n| Managed risk (MR) | Calculated based on L x I (the spreadsheet does this automatically) |\n| Actions [YEAR] | Record any action to be taken during the year to address the risk |\n| Who | Record who will carry out these actions |\n\n\n| Review | Record when the risk will be reviewed |\n| --- | --- |\n| Comments | Add any additional information that may be helpful when reviewing the log |\n\nThe likelihood of a risk occurring should be rated from 1–5 as below and entered into the ‘L’column:  \n\n| Score | Description | Chance of occurrence |\n| --- | --- | --- |\n| 1 | Rare | Very little evidence to assume this event would happen – will only happen in exceptional circumstances |\n| 2 | Unlikely | Not expected to happen, but definite potential exists – unlikely to occur. |\n| 3 | Possible | Has happened before on occasions – reasonable chance of occurring |\n| 4 | Likely | Strong possibility that this could occur – likely to occur |\n| 5 | Almost certain | This is expected to occur frequently / in most circumstances |\n\nThe impact of the risk should then be rated 1-5 as below and entered into the ‘I’ column:  \n\n| Score | Description |\n| --- | --- |\n| 1 | Negligible |\n| 2 | Minor |\n| 3 | Moderate |\n| 4 | Major |\n| 5 | Extreme |\n\nOnce the scores have been calculated for the Inherent Risk (IR) and the Managed Risk (MR) they should each be assigned a colour as follows:  \n\n| Green | Score between 1 – 15 | The risk is low |\n| --- | --- | --- |\n| Amber | Score between 16 – 19 | The risk is medium |\n| Red | Score 20 or above | The risk is high |\n\nThis colour coding will allow the executive to identify the high and medium risks and prioritise managing these. You may wish to re-order the individual risks into colour order on one page (by copy and pasting) to see at a glance the highest priority risk.  \nThe risk log should be reviewed and revised as required at each county executive meeting.","cbCaiibmfdjUNPDM","https://ap.wps.com/l/cbCaiibmfdjUNPDM","pdf",74668,"English","# Template risk log\n## Risk categories\n## How to use the risk log\n## Scoring likelihood and impact\n## Risk colour coding and review","[{\"question\":\"Who is responsible for preparing and monitoring the risk log?\",\"answer\":\"The responsibility for preparing and monitoring the risk log lies with the county executive (the trustees). County teams or subcommittees can raise potential risks with the executive.\"},{\"question\":\"What are the required risk log fields and how are risk scores calculated?\",\"answer\":\"The log includes likelihood (L), impact (I), inherent risk (IR = L x I), controls, then re-scored likelihood and impact to calculate managed risk (MR = L x I). The spreadsheet performs the calculations automatically.\"},{\"question\":\"How should likelihood and impact be rated?\",\"answer\":\"Likelihood is rated from 1–5 (rare to almost certain) and entered in the L column. Impact is rated from 1–5 (negligible to extreme) and entered in the I column.\"}]","Risk Log Template Example and Guidance - 13.1 | PDF"]