This collection of Excel spreadsheets supports qualitative risk analysis, focusing on the creation of probability and impact scales, visualization of data and the comparison of untreated and treated risks.
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The Risk Analysis/Resolution Matrix offers a structured view of project risks, their potential impact on the project, plan to mitigate each, and their final resolution. The matrix is meant to be a living document, to be updated periodically throughout the life of the project. It is prepopulated with 30 risks common to many projects, giving you a solid starting point that you can use to make it your own.
No project was ever completed on time and within budget. Identifying risks associated with a project and mitigating them is a crucial activity of project planning. Managers need to not only analyze project risks, but also must develop contingency plans to address those risks.
Here's a complete set of tools to help you analyze the risk involved in one or more project justifications, based on organizational impact and implementation feasibility. It can help your program or project office, too.
Once you've used the Risk Identification template to log your risks, use this template to add criteria for qualitative and quantitative analysis. This way, major risks are fully understand and managed.
Managing risk is a four-step process, but an ongoing activity that leads to the development of work sub-processes. This Excel template defines these four steps and includes a matrix to help you define and quantify risks.
A significant source of project failures are due to insufficient risk management diligence. One approach we can take to help mitigate these nightmares is through the use of a document similar in concept to the failure modes and effects analysis (FMEA) methodology. This template should be used in conjunction with the article Systematic Risk Register.