Excel templates for risk assessment

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There are basic risk assessment templates available online, but finding the one that actually fits your needs can be quite a challenge. To take this weight off your shoulders, check out our carefully curated list of free risk assessment templates that will help you find the best one:

1. ProjectManager Risk Register Template
Risk Register Template by ProjectManager : excel risk assessment template

Via: Project Manager ProjectManager's risk log template helps you monitor and manage project risks effortlessly. You can log risks, assign owners, and track their status.

It also allows you to categorize risks by severity and probability, helping you prioritize issues and take proactive control measures together. You can add, delete or modify fields directly in the Excel sheet, allowing you to update the table as risks evolve.

However, the lack of built-in automation can make managing large volumes of risks time-consuming. Plus, there’s no vp risk email lists native way to set alerts or reminders. Still, it’s easy to share and collaborate with your team.

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Ideal for: Project managers who want to systematically identify, control and respond to potential risks throughout the life cycle of a project.

Template Archive: Explore free risk register templates to effectively track, prioritize, and manage risks across all your projects.

2. ProjectManager Risk Matrix Template
Risk Matrix Template by ProjectManager

Via: Project Manager ProjectManager's risk matrix template is ideal for getting an overview of potential risks. It's a grid with two axes - probability and severity - that helps you identify which risks need the most attention.

The left side shows the probability from rare to almost certain, while the top side shows the severity from negligible to severe. The color-coded matrix helps prioritize risks quickly, focusing on high-risk areas in red and moderate ones in yellow.

However, this risk matrix template can oversimplify complex risks. It offers limited detail beyond risk priority and likelihood. It also lacks real-time updates and automation, so you must manually delete resolved risks.