Risk Assessment Template

1. Introduction

This section provides an overview of the risk assessment process and its importance in identifying potential risks that could impact the project or organization.

2. Risk Identification

List potential risks that may affect the project. Examples include:

• Financial Risks: Unexpected costs or budget overruns.

• Operational Risks: Disruptions in the supply chain.

• Compliance Risks: Failure to adhere to regulations.

3. Risk Analysis

Analyze the identified risks based on their likelihood and impact. Use a risk matrix to categorize them:

4. Risk Mitigation Strategies

Outline strategies to mitigate the identified risks. For example:

• Financial Risks: Establish a contingency budget.

• Operational Risks: Diversify suppliers to reduce dependency.

5. Monitoring and Review

Describe how risks will be monitored and reviewed over time to ensure that mitigation strategies are effective.