Highly Unlikely - Probability between 10% and 35%.Insignificant - Easily handled within the normal course of operations with no additional costs.This template uses a 1 to 100 scale, breaking down the magnitude into 5 discernible levels and the probability into six possible ranges as follows: Magnitude of the Consequence Before constructing the risk assessment template, you will first need to decide upon the nomenclature and scale to express the probability and magnitude of the possible loss that could be encountered if the risk materializes. This risk assessment template created in the steps below uses a scatter plot and gradient shading to highlight the comparative risks associated with undertaking different projects or activities. The final product - Risk Assessment Template If it does not, you may have to adjust the security settings on your browser. Your download should automatically begin by clicking on the links. Alternative Risk Assessment Template - chart.Basic Risk Assessment Template - tabular.Don’t slip up… be sure to track risk! Just looking for the downloads? The template can help make those uncertainties more tangible and thereby eliminate the “real” risk in not properly addressing them from the start of the project. This article will help you use a risk assessment template for Excel to identify, highlight, and assess the potential risks in your project. Why is this? It is just part of human nature to avoid uncertainties and place them on the back burner. In project planning, project mangers usually don’t tackle their risk assessments with the same enthusiasm as they do in developing the project charter, scope statement, work breakdown structure and project schedule.

Probability risk assessment tool