Basic Project Risk Assessment Template

• Performed on

  Date

• Performed by

• Add a risk to your assessment by selecting (+) Risk

Risk

• How likely will this risk occur?

  Highly Likely

  Unlikely but Possible

  Highly Unlikely

• This is an expected risk.

• Are the mitigation resources needed to combat this expected risk sufficient?

  Yes

  No

• This is a comfortable risk.

• This is a critical risk.

• This is a potential risk.

• Are the mitigation resources needed to combat this potential risk sufficient?

  Yes

  No

• This is a comfortable risk.

• This is a critical risk.

• Risk is:

  Expected-Critical

  Expected-Comfortable

  Potential-Comfortable

  Potential-Critical

• At what point in the project is this risk most likely to occur?

• What is the possible end result on project deliverables?

  Delayed Completion

  Over Budget

  Lower Quality

Mitigation Plan

• How will these risks be monitored?

• How will these risks be mitigated? [To create and assign a specific corrective action, select the "Action" icon below]

General Contingency Plans

• For risks that:
  -weren't identified in the previous section
  -suddenly occur during the project

• What is the protocol for when these kinds of risks occur?

• Other procedures for when these kinds of risks occur:

• How will employees be trained or informed regarding this protocol and other procedures?

Other Risks

• Risks raised / observed by employees during the project:

• Risks identified by the project manager during the project: