Risk Assessment
Instructions
Column Name
Phase I. Identify and Prioritize Risk
Enter all potential risks to the project in this column. Refer to the Common Risks tab for examples of risks that are common among
Specific Risk Event projects. This list is not exhaustive, however, and risks specific to your project should be added.
Impact Use the Grading Criteria tab to determine the impact of the risk on a scale of 1 (Negligible) to 5 (Very High).
Likelihood Use the Grading Criteria tab to determine the likelihood of the risk on a scale of 1 (Extremely Unlikely) to 5 (Extremely Likely).
Total Risk Score This column will be automatically calculated based on the indicated impact and likelihood.
Phase II. Identify Risk Response
This column is used to document the response to each risk, based on the total risk score from phase I. Identify if you will "avoid",
Risk Response "accept", or "mitigate" the risk and how you will accomplish that action.
Use the Grading Criteria tab to determine the impact of the risk on a scale of 1 (Negligible) to 5 (Very High), assuming the risk
Impact response is implemented.
Use the Grading Criteria tab to determine the likelihood of the risk on a scale of 1 (Extremely Unlikely) to 5 (Extremely Likely),
Likelihood assuming the risk response is implemented.
Total Risk Score This column will be automatically calculated based on the indicated impact and likelihood.
Owner Enter the name of the person responsible for implementing the risk response.
Due Date Enter the date the risk response should be implemented.
Status Enter the status of the risk response.
© Copyright 2011 Docstoc Inc.
Phase I. Identify and Prioritize Risk Phase II. Identify Risk Response
Total Risk Total Risk
Impact Likelihood
Likeli- Score Score
Impact 1-5 1-5
Specific Risk Event hood Low = 1 Risk Response Low = 1 Owner Due Date Status
1-5 (if response (if response
1-5 Med = 2 Med = 2
implemented) implemented)
High = 3 High = 3
Risk will be mitigated by working with business users
Example: Business processes are not clearly defined or Meeting is scheduled with the
3 4 2 to clarify and document the critical business processes 2 2 1 Jane Smith 5-Dec
documented. business users.
prior to the start of the design phase.
© Copyright 2013 Docstoc Inc.
Impact Scale
Impact Score 1 2 3 4 5
Type Negligible Low Moderate High Very High
Minimal impact to project Minor changes to Some requirements change or New capability or skill set Showstopper occurs or post-
scope, resources, schedule or requirements, schedule, there is a loss of a constrained requirement identified, implementation rollback
Program /
quality required for project resources or quality resource, requiring re-work of requiring significant scope required
Project
success project plan, resources, or change, budget increase or
budget schedule pushout
Corporate No external or internal issues Minor impact to image and Relation with partners Negative publicity with Major media event with long-
Image reputation impacted impact to corporate brand term fallout
Negligible effect on Work-arounds are in place Moderate impact to