Project Risks

Tracks Project Risks and can be connected to a project

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By

AnyDB

The AnyDB Project Risks template is designed to help project managers and teams track, prioritize, and mitigate risks throughout the lifecycle of a project. It captures structured data for each risk, including severity, status, description, and mitigation plans, while supporting visibility through badges and formula-driven summaries.

Suitable for

Project Management

Description

Each row in this template represents a unique project risk. Users can specify the risk’s status (OPEN, CLOSED, OTHER), severity (High, Medium, Low), and a description. Fields are also provided for the assigned owner, open and due dates, closure date, and a mitigation action plan.

The template calculates a Total Risks count as well as categorized counts for High, Medium, and Low risks that are still open. Background colors and badges make it easy to quickly identify unresolved high-risk items.

This template is commonly linked to a Project record and supports rollups of risk counts, descriptions, and open items into higher-level dashboards or weekly status updates.

Key Data Stored

  • Risk ID and Description
  • Status – OPEN, CLOSED, OTHER (select field)
  • Severity – High, Medium, Low (color-coded dropdown)
  • Action Plan – Text field to describe mitigation or response strategy
  • Assignee (User Field)
  • Date Opened / Due Date / Date Closed
  • Calculated Count Fields:
    • Total Risks
    • High Severity Open Risks
    • Medium Severity Open Risks
    • Low Severity Open Risks

Business Use Cases

  • Proactive Risk Management – Document and manage known risks to avoid project delays
  • Portfolio Oversight – Roll up risk counts across projects to assess delivery exposure
  • Audit & Compliance – Maintain a structured history of identified and mitigated risks
  • Executive Reporting – Provide visibility into high-risk areas in status dashboards
  • Project Health Checks – Use severity totals as leading indicators for risk exposure

Why This Template is Powerful

  • Visual Risk Indicators – Color-coded severity and background styling make scanning easy
  • Live Rollups – Calculated values reflect total and open risks in real time
  • Action-Oriented – Assign owners and define next steps for resolution
  • Integrated into Project View – Links directly to project dashboards and updates
  • Scalable Across Portfolios – Works for a single project or program-level risk tracking

This template makes it easy to capture, manage, and act on risks—helping teams move from reactive to proactive project delivery.