![]() You can anticipate and mitigate risk today with this free risk assessment matrix template - and you don’t have to change a thing to get started.īut if you’ve got some ideas of your own you’d like to try out, we won’t get in the way of creative genius. Customizing Your Risk Assessment Matrix Template That means it would fall under the Medium risk category. For example, let’s say your risk has an Acceptable severity and Probable likelihood. ![]() The cell where these two meet determines your Risk Impact. Find the Severity of the risk you’re assessing, and follow that column down until it intersects with the Likelihood of that risk. Here’s how to figure out the Risk Impact using the Risk Assessment Matrix on the first tab in the Excel template.Ģ. Once you’ve assessed all the potential project risks, prioritize the list from highest to lowest risk impact, and formulate a plan for mitigating the biggest risks first. Using the Risk Assessment Matrix tab as your guide, determine the overall Risk Impact based on the Severity and Likelihood you’ve assigned that risk.Ħ. Select a Likelihood option from the drop-down menu.ĥ. Choose a Severity option from the drop-down menu.Ĥ. In the Risk column, list all the potential risks that could affect your project. First, click on the Risk Assessment List tab at the bottom of your risk matrix template.Ģ. TeamGantt’s risk assessment matrix template gives you a quick and simple way to visualize and measure risk so you can take proactive steps to minimize its impact on your project.ġ. Using the Risk Assessment Matrix Template That’s one more tool for your project management belt with no extra work to juggle! Lucky for you, we made this free risk assessment matrix template so you can simply download it and go. While a risk matrix isn’t terribly complicated, finding time to build one between all your to-dos is easier said than done. How to Use a Risk Assessment Matrix in ExcelĮvery project manager should keep a risk assessment matrix handy. They deserve swift action to keep risk at bay.
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