[Instructions: In the
first column, enter the risk or threat that must be assessed and
tracked. In the 2nd column, enter the
Risk Category or the classification of the risk based on the area the risk
applies; standard categories include:
Business; Political/Legal; Project Management; Technical, Quality or
Performance; Resources. Weigh
identified risks according to the severity of consequences (impact level) and
the likelihood of occurrence (%) to arrive at the risk rating. The impact level can be any number within a
pre-defined range (1-3, 1-5, 1-10, etc).
The occurance probability is the likelihood that the risk will occur
using percentages (20%, 50%, etc). The
rank is equal to the impact level multiplied by the occurence probability. The cells below are already formatted for
this purpose and this formula is embedded in the ranking cells. Mitigation activities are those actions the
team will take to lower the probability that the risk will occur, or the
actions that can be taken to completely avoid the risk. The contingency is
the back-up activity necessary if the mitigation activity does not reduce or
elimate the identified risk. In the
last columsn, enter who the risk was assigned to, what the status date is and
what the current status of the risk is.
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Name:
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Risk,
Threat
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Business
Priority
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Risk
Management Strategy
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Status
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Impact
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Occurrence
Probability
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Rank
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Root Cause
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Mitigation
Activities
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Contingency
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Assigned
to:
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1
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2
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3
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4
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5
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6
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7
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8
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9
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