Risk & Change
Risk Assessment
MyPMP
QMS Template
| Ref | Risk / event | Likelihood | Impact | Response | Owner | Status |
|---|---|---|---|---|---|---|
βοΈ
Free to try β your work auto-saves in this browser.
Saving to the cloud (sync across devices) is a paid feature. Unlock Risk Assessment for $1/mo, or get everything with membership ($9/mo or $99/yr).
β οΈ Risk & Change
Auto-saved in your browser Β· β members can white-label & sync across devices
About the Risk Assessment template
A Risk Assessment is a structured evaluation of the threats and opportunities that could affect your project's objectives, scoring each by probability and impact so you can prioritise a response. It turns vague concerns into a ranked, owned list of risks, giving you an evidence base for contingency planning and stakeholder decisions. Without it, teams react to issues after they hit rather than managing exposure in advance.
It's part of My QMS, MyPMP's Quality Management System: fill it in online, personalize it with your name and logo, then export a clean, branded PDF. Your work auto-saves in your browser.
When to use a Risk Assessment
- βΈDuring project initiation to establish a baseline risk profile before committing budget
- βΈAt stage gates or phase transitions when scope, cost, or timeline assumptions change
- βΈWhen onboarding a new supplier, technology, or regulatory requirement
- βΈAs a recurring agenda item in steering or governance meetings to review live exposure
What a good Risk Assessment includes
- βRisk ID and clear description written as cause, event, and effect
- βCategory (e.g. technical, financial, resource, external, compliance)
- βProbability and impact scores with a resulting risk rating or heat-map position
- βResponse strategy: avoid, transfer, mitigate, or accept
- βNamed risk owner and target action date
- βCurrent status and residual risk after mitigation
What's inside this template
The interactive form above gives you:
A table of Ref, Risk / event, Likelihood, Impact, Response, Owner, StatusNotes
Tips & common mistakes
- π‘Phrase each risk as "if X happens, then Y results" β avoid one-word entries like "budget" that hide the actual threat
- π‘Assign a single accountable owner per risk; shared ownership means no one acts
- π‘Re-score risks after mitigation to capture residual exposure, not just the initial estimate
How it works
- 1. Fill it in β type directly into the fields, tables and sections above.
- 2. Brand it β add your organization name and logo with the Branding button.
- 3. Export β print to PDF, or become a member to white-label and sync across devices.
FAQ
What is a Risk Assessment?οΌ
It is a documented process for identifying potential risks to a project, rating each by likelihood and impact, and assigning a response and owner. The output is a prioritised list that drives contingency planning and decision-making.
How do you score probability and impact?οΌ
Most teams use a numeric scale (e.g. 1β5) for each and multiply them to get a risk rating, then plot the result on a heat map. Define what each level means up front so scores are consistent across the team.
What is the difference between a Risk Assessment and a risk register?οΌ
A Risk Assessment is the analytical activity of evaluating and scoring risks, while the risk register is the living document that stores those risks and tracks them over time. In practice the assessment populates and updates the register.
Make it yours β $9/mo or $99/yr
Membership unlocks white-label export (remove the MyPMP footer), cloud sync across devices, plus all apps & ScheduleX.
See membershipRelated free apps