Project Risk Assessment Matrix Template is a useful matrix type excel spreadsheet for risk assessment of any project. It helps in the process of project risk management during the planning phase to ensure project success. Thus, it is the most valuable asset of the project manager’s template pack.
Projects are prone to multiple potential risks or roadblocks over the project lifecycle. For that, different strategies are useful to identify and assess the probability and severity of potential risks during project planning. Thus, project managers apply mitigation strategies to eliminate or minify the probability of risk occurrence. While some strategies focus on reducing the severity of impact if the occurrence is un-resistible.
Our risk assessment template allows project managers to effectively identify and map the potential risks based on probability and severity on 5 point scale.