Risk Assessment Excel Template
Evaluate and manage business risks with our comprehensive tracking template
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Get instant access to our professional risk assessment template
Access TemplateAvailable in Google Sheets format. Can be exported to Excel.
Evaluate and Manage Business Risks
Track and assess potential risks to your business with our comprehensive risk assessment template. Evaluate likelihood and impact, calculate risk scores, and manage mitigation strategies.
Risk ID
Assign unique identifiers to each risk for easy tracking and reference. This helps maintain a clear and organized risk register.
Risk Description
Provide detailed descriptions of each risk, including potential causes and consequences. Clear documentation helps team members understand and assess risks effectively.
Likelihood Rating
Rate the probability of each risk occurring:
- Very Unlikely
- Unlikely
- Possible
- Likely
- Very Likely
Impact Rating
Rate the potential impact of each risk:
- Minimal Impact
- Minor Impact
- Moderate Impact
- Major Impact
- Catastrophic Impact
Risk Score
Automatically calculated by multiplying Likelihood (1-5) by Impact (1-5). This provides a quantitative measure of risk severity on a scale of 1-25.
Risk Level
Automatically categorized based on the risk score:
- Low Risk (1-4)
- Medium Risk (5-12)
- High Risk (13-25)
Mitigation Plan
Document specific strategies and actions to reduce or eliminate each risk. Include preventive measures and contingency plans.
Risk Owner
Assign responsibility for managing and monitoring each risk to specific team members or stakeholders.
Status Tracking
Monitor the current state of each risk:
- Not Started
- In Progress
- Resolved
Benefits of Using Our Template
- Systematic risk evaluation
- Automatic risk scoring
- Visual risk categorization
- Organized mitigation tracking