Purpose & User Guide
Purpose: The Preliminary Risk Assessment Sample is a project management tool used to i
early in a project can provide a foundation for more detailed inquiry and informed decision
User Guide: The table below titled "preliminary risk assessment definitions and functions"
column headers within the sheet labeled "preliminary risk assessment" to aid users unders
Preliminary Risk Assessment Definitions And Functions
· ID: A unique identifier such as a name or number assigned to each risk.
· Risk Description: A detailed explanation of the risk that captures the information neces
· Caused by and Consequences: A brief description of the root causes of potential risks
· Risk Owner(s) Name and Role: The person or team accountable for effective manage
· Probability: An assessment of how likely each risk event is to occur. Dropdown options
· Impact: An assessment of the potential negative consequences or damage of a risk eve
that may be needed to manage the risk. Dropdown options include: very high, high, mediu
· Risk Rating: A method of assessing risk by combining the probability of a risk occurring
risk matrix. Conditional formatting note: data automatically populates in the locked "risk ra
"probability" and "impact." Risk ratings can populate as: sustainable, moderate, severe, or
· Risk Response Strategy: Brief description of the plan of action used to address the ris
· Risk Response Owner(s): The person or team accountable for executing the specific a
anagement tool used to identify risks and risk response strategies. Identifying potential risks
ry and informed decision-making.
definitions and functions" includes definitions and conditional formatting functions for all
ment" to aid users understanding of information to include in associated cell.
And Functions
ach risk.
res the information necessary for effective management and stakeholder understanding.
causes of potential risks and the repercussions of the risk event if it comes to fruition.
ble for effective management of the risk and description of their role in risk management.
occur. Dropdown options include; very high, high, medium, low, or very low.
s or damage of a risk event. Impact value can determine the level of attention and resources
e: very high, high, medium, low, or very low.
ability of a risk occurring with the potential impact it could have, often visualized through a
ates in the locked "risk rating" cell based on the data entered in the corresponding row for
ble, moderate, severe, or critical.
n used to address the risk.
r executing the specific actions outlined in the risk response strategy.
Preliminary Risk Assessment
Area Name: Project or Area Name Updated By: Name Date Last Updated: DD-MMMM-YY Probability Impact
Risk Matrix Legend Very High Very High
Risk Rating Note: DO NOT edit the tables below. To update measures for Probability and Impact, change the values in the blue table High High
which will automatically update the tables below.
ID Risk Description Caused by & Consequences Risk Owner(s) Name and
Role
Probability Impact Risk Rating Risk Response Strategy Risk Response Owner(s) Impact: Very Low Low Medium High Very High Medium Medium
Very High Moderate Severe Severe Critical Critical Low Low
Probability
High Sustainable Moderate Severe Critical Critical Very Low Very Low
Medium Sustainable Moderate Moderate Severe Critical
Low Sustainable Sustainable Moderate Severe Critical
Very Low Sustainable Sustainable Sustainable Moderate Severe
Total Risk Count
Impact: Very Low Low Medium High Very High
Very High
Probability
High
Medium
Low
Very Low