Project Risk Assessment Template

A project risk assessment worksheet is a tool used to identify, analyze, and prioritize risks that may affect the progress of any project. It provides a structured approach to systematically assess potential threats and uncertainties. It allows project teams to make informed decisions and mitigate risks before they impact the project. This tool enables proactive risk management and planning to ensure project success.

This project risk assessment template includes a risk register that helps easily input and manage risk-related data (available for free download). The template also includes a dynamic dashboard that provides a high-level summary of identified risks. It offers a visual representation of risks based on impact and probability of occurrence that is displayed on a risk matrix. Additionally, the template includes key metrics that helps to monitor and manage risks more effectively.

This project risk assessment template is a Microsoft Excel worksheet that can be customized to meet your specific needs. For example, you may increase the number of risk entries in the risk register by simply adding more rows to include a larger list of identified risks. You may choose to move the risk response plan to a separate worksheet for better organization. You may also enhance the template by adding sections like a Risk Audit Log and Lessons Learned to improve ongoing risk management and project outcomes.