Information

  • Name of Project

  • Conducted On

  • Prepared By

  • Location
  • Refer to the table below when completing this 5x5 risk matrix template.

Risk Matrix: Probability

  • Probability of Risk

  • Unlikely to happen and/or have minor or negligible consequences. Okay to go ahead.

  • Possible this could happen and/or to have moderate consequences. May go ahead but preferably reduce risk.

  • Likely to happen and/or to have serious consequences. Do not allow transaction until risk reduced.

  • Almost sure to happen and/or to have major consequences. Do not allow transaction to occur or reduce the risk to acceptable level.

  • Sure to happen and/or have major consequences. Do not allow transaction, change, or operations.

Risk Matrix: Impact

  • Impact of Risk

  • Won’t cause serious injuries or illnesses

  • Can cause injuries or illnesses, only to a mild extent

  • Can cause injuries or illnesses that may require medical attention but limited treatment

  • Can cause irreversible injuries or illnesses that require constant medical attention

  • Can result to fatality

Risk Matrix: Level of Risk

  • Multiply the value of Probability with the value of Impact to get this score.

  • Risk Level

  • Acceptable: no further action required, but ensure controls are maintained

  • Adequate: consider for further analysis

  • Tolerable: review in a timely manner to carry out improvement strategies

  • Unacceptable: cease activities and endorse immediate action

Completion

  • Recommendation

  • Sign-off

The templates available in our Public Library have been created by our customers and employees to help get you started using SafetyCulture's solutions. The templates are intended to be used as hypothetical examples only and should not be used as a substitute for professional advice. You should seek your own professional advice to determine if the use of a template is permissible in your workplace or jurisdiction. You should independently determine whether the template is suitable for your circumstances.