Construction Project Risk Management Template
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Ensure the success of your construction projects by effectively managing risks. This template guides you through identifying potential risks, evaluating their impact, and developing mitigation strategies to prevent project delays and cost overruns.
By following the structured tasks in this template, you can stay ahead of potential issues, ensuring your projects are completed on time and within budget.
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Construction Project Risk Management in Priority Matrix
Identify, evaluate, and mitigate risks to prevent delays and cost overruns in your construction projects.
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Proposed Tasks
High Impact, Urgent
-
Risk Identification due in 1 week
☐ Identify potential risks ☐ Classify risks ☐ Document the risks -
Risk Evaluation due in 2 weeks
☐ Evaluate potential impact of risks ☐ Estimate probability of risks ☐ Rank risks by priority
High Impact, Not Urgent
-
Risk Response Plan Development due in 3 weeks
☐ Develop mitigation strategies for each risk ☐ Assign responsibility for each risk ☐ Create contingency plans -
Risk Monitoring Plan Development due in 4 weeks
☐ Develop monitoring strategy for each risk ☐ Create risk reporting system ☐ Establish risk review schedule
Low Impact, Urgent
-
Risk Response Plan Implementation due in 5 weeks
☐ Implement mitigation strategies ☐ Communicate response plans to team ☐ Train team on response plans -
Risk Monitoring Plan Implementation due in 6 weeks
☐ Implement monitoring strategies ☐ Start risk reporting ☐ Begin risk review schedule
Low Impact, Not Urgent
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Risk Reporting due in 7 weeks
☐ Prepare risk reports ☐ Present risk reports to stakeholders ☐ Update risk register -
Risk Review due in 8 weeks
☐ Review risk responses ☐ Adjust response plans if necessary ☐ Update risk register -
Risk Mitigation Plan Update due in 9 weeks
☐ Update mitigation strategies based on risk review ☐ Communicate updates to team ☐ Update risk register -
Risk Monitoring Plan Update due in 10 weeks
☐ Update monitoring strategies based on risk review ☐ Adjust risk reporting system if necessary ☐ Update risk register -
Risk Management Plan Review due in 11 weeks
☐ Review entire risk management plan ☐ Make adjustments if necessary ☐ Update risk register -
Risk Management Plan Update due in 12 weeks
☐ Update entire risk management plan based on review ☐ Communicate updates to stakeholders ☐ Update risk register -
Risk Management Training due in 13 weeks
☐ Train team on updated risk management plan ☐ Provide resources for team to better manage risks ☐ Update risk register -
Risk Management Plan Implementation due in 14 weeks
☐ Implement updated risk management plan ☐ Monitor implementation process ☐ Update risk register -
Risk Management Plan Monitoring due in 15 weeks
☐ Monitor updated risk management plan ☐ Report on monitoring results ☐ Update risk register -
Risk Management Plan Review due in 16 weeks
☐ Review updated risk management plan ☐ Make adjustments if necessary ☐ Update risk register -
Risk Management Plan Update due in 17 weeks
☐ Update risk management plan based on review ☐ Communicate updates to stakeholders ☐ Update risk register -
Risk Management Training due in 18 weeks
☐ Train team on final risk management plan ☐ Provide resources for team to better manage risks ☐ Update risk register -
Risk Management Plan Implementation due in 19 weeks
☐ Implement final risk management plan ☐ Monitor implementation process ☐ Update risk register -
Risk Management Plan Monitoring due in 20 weeks
☐ Monitor final risk management plan ☐ Report on monitoring results ☐ Update risk register