Qualitative Risk Analysis Template

• Performed on:

  Date

• Prepared by:

• Project's location:
  Address

Step 1: Identify Risks

• List down potential risks:

Step 2&3: Classify and Control Risk

• What risk are you analyzing?

• Choose a risk analysis technique.

  Risk Matrix

  Causes and Effects

  "What if" Scenarios

• How likely are the chances of the risk occurring?

  Very Likely

  Likely

  Unlikely

  Highly Unlikely

• If the risk occurred, what are the consequences?

  Fatality

  Major Injuries

  Minor Injuries

  Negligible Injuries

• Use the risk matrix below to determine the risk rating:

  

• What is the risk rating?

  High

  Medium

  Low

• How should the risk be controlled?

  Target root cause of risk

  Lessen impact of risk

• What do you think is the root cause of the risk?

• Can you conduct a root cause analysis?

  Yes

  No

  N/A

• After you have identified the root cause of the risk, what will you do to fix it?

• What can you do to lessen the negative impact of the risk?

• Optional: Create a corrective action by clicking the "Action" icon above.

• What are the possible causes of this risk?

• What are the possible effects of this risk?

• How should the risk be controlled?

  Target root cause of risk

  Lessen impact of risk

• What do you think is the root cause of the risk?

• Can you conduct a root cause analysis?

  Yes

  No

  N/A

• After you have identified the root cause of the risk, what will you do to fix it?

• What can you do to lessen the negative impact of the risk?

• Optional: Create a corrective action by clicking the "Action" icon above.

• Think of the worst possible scenario involving the risk. Describe it in detail:

• What would happen if this scenario actually took place?

• How can you prevent this scenario?

• Think of the most outlandish scenario involving the risk. It doesn't have to be realistic. Describe it briefly.

• Explain how this scenario might take place (the events leading up to it, what triggered it to happen, how people's actions or behaviors contributed to it happening):

• How can you prevent this scenario?

Step 4: Monitor Risks

• Did you keep your notes from the previous steps?

  Yes

  No

  N/A

• Is risk control effective? (Step 3)

  Yes

  No

  N/A

• Were risks correctly classified? (Step 2)

  Yes

  No

  N/A

• Have all risks been identified? (Step 1)

  Yes

  No

  N/A

Final Thoughts

• How can your risk analysis process be improved?

• Name and Signature

  Sign