This worksheet will keep track of all of the risks to your project.

For each risk your team can identify, rate the likelihood and impact on a scale of 1 -4, where 1 is low likelihood of a risk event happening or impact if it does happen and 4 is very high likelihood or impact. This worksheet will colour code your risks by order of severity. Grey cells are calculated; if you need to add more risks, just fill these cells down.

Then, select your approach from the drop down menu for each risk, and briefly note down your strategy for dealing with that r isk. Now rate the risk again. Do you think the likelihood and impacts have decreased? If so, use the same scale of 1-4 for your rating. This worksheet will calculate a risk score for you bot h before and after your approach. You can review a risk analysis Current New Date Action on the next tab.
Likelihood (1-4) Impact (1-4) Score (Fill Down) New Likelihood (1-4) New Impact (1-4) Score (Fill Down) Person Responsible for Action Due (dd-mmmyyyy)

Num Risk Event

Consequence
Describe what will happen if Sample Risk 1 comes to pass.

Approach

Strategy
Briefly describe how you intend to deal with Sample Risk 1.

Sample Risk 1

25

Mitigate

John Appleseed

15-Jan-2010

Sample Risk 2

25

Describe what will happen if Sample Risk 2 comes to pass.

Transfer

Briefly describe how you intend to deal with Sample Risk 2.

10

Mabel Wentworth

25-Jan-2010

Sample Risk 3

20

Describe what will happen if Sample Risk 3 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 3.

John Appleseed

18-Jan-2010

Sample Risk 4

16

Describe what will happen if Sample Risk 4 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 4.

Mabel Wentworth

15-Feb-2010

Sample Risk 5

20

Describe what will happen if Sample Risk 5 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 5.

John Appleseed

2-Feb-2010

Sample Risk 6

25

Describe what will happen if Sample Risk 6 comes to pass.

Avoid

Briefly describe how you intend to deal with Sample Risk 6.

Mabel Wentworth

20-Jan-2010

Sample Risk 7

15

Describe what will happen if Sample Risk 7 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 7.

12

John Appleseed

25-Jan-2010

Sample Risk 8

12

Describe what will happen if Sample Risk 8 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 8.

Janice Feldstone

8-Feb-2010

Sample Risk 9

16

Describe what will happen if Sample Risk 9 comes to pass.

Mitigate

Briefly describe how you intend to deal with Sample Risk 9.

Janice Feldstone

9-Feb-2010

10 Sample Risk 10

Describe what will happen if Sample Risk 10 comes to pass.

Accept

Briefly describe how you intend to deal with Sample Risk 10.

John Appleseed

20-Feb-2010

This worksheet will keep track of all of the risks to your project. For each risk your team can identify, rate the likelihood and impact on a scale of 1 -4, where 1 is low likelihood of a risk event happening or impact if it does happen and 4 is very high likelihood or impact. This worksheet will colour code your risks by order of severity. Grey cells are calculated; if you need to add more risks, just fill these cells down.

Then, select your approach from the drop down menu for each risk, and briefly note down your strategy for dealing with that r isk. Now rate the risk again. Do you think the likelihood and impacts have decreased? If so, use the same scale of 1-4 for your rating. This worksheet will calculate a risk score for you bot h before and after your approach. You can review a risk analysis Current New Date Action on the next tab.
Likelihood (1-4) Impact (1-4) Score (Fill Down) New Likelihood (1-4) New Impact (1-4) Score (Fill Down) Person Responsible for Action Due (dd-mmmyyyy)

Num Risk Event

Consequence

Approach

Strategy

11

12

13

14

15

16

17

18

19

20

Risk Analysis
Before Planning

Overall Project Risk Number of Risks

0
Low Risk

Moderate Risk High Risk Very High Risk 0 2 4 6 8

before

After Planning

Very High

High

Before risk planning, this project was assigned a weighted project risk score of 18.3, which is considered very high risk. After planning, the weighted risk score for the project has been reduced to 8.3. The project may now be considered moderate risk, provided the plan is followed.

High Risk Very High Risk

This plan has reduced the number of high and very high risks by 78%.
Before Planning After Planning
Frequency

after

Moderate

Low

Lowe r Risk

Higher Risk

The scratchpad is an important part of this project book and should not be modified. This tab is used to create the dashboard. By using a scratchpad instead of macros this book eliminates the worry that macro viruses may be inadvertently activated, and prevents annoying popups everytime you open the file. You are free to edit this tab, but advanced knowledge of Excel is essential before doing so.
Current Score (Fill Down) >0 Current Score (Fill Down) >=5 Current Score (Fill Down) >=10 Current Score (Fill Down) >=17 Current Score (Fill Down) <=4 Current Score (Fill Down) <=9 Current Score (Fill Down) <=16 Current Score (Fill Down) <=25 New Score (Fill Down) >0 New Score (Fill Down) >=5 New Score (Fill Down) >=10 New Score (Fill Down) >=17 New Score (Fill Down) <=4 New Score (Fill Down) <=9 New Score (Fill Down) <=16 New Score (Fill Down) <=25

Histogram Data Mean

18.3

8.3

Std Dev Count

5.367495 2.193171 10 10

Normal Distribution

Score

1 2 Category Before RiskAfter Planning Risk Planning Max Scale Before Max Scale After 3 Low Risk 0 1 7 6 4 Moderate Risk 1 7 6 0 5 High Risk 4 2 3 5 6 Very High Risk 5 0 2 7 7 Overall Score 18.3 8.3 8 Difference (%)54.64% 9 High Counts 9 2 10 Difference (%) 78 11 12 Before risk planning, this project was assigned a weighted project risk score of 13 18.3 14 , which is considered 15 very high 16 risk. After planning, the weighted risk score for the project has been 17 reduced 18 to 19 8.3 20 . The project may now be considered 21 moderate 22 risk, provided the plan is followed. 23 24 25

Before Planning After Planning 0.000412 0.000715 0.000739 0.002938 0.001279 0.009811 0.002137 0.026614 0.00345 0.058642 0.005381 0.104959 0.008104 0.152596 0.01179 0.180208 0.016567 0.172869 0.022485 0.1347 0.029477 0.085257 0.037324 0.043833 0.045648 0.018306 0.053923 0.00621 0.061526 0.001711 0.067806 0.000383 0.072177 6.96E-05 0.07421 1.03E-05 0.073696 1.23E-06 0.07069 1.2E-07 0.065493 9.51E-09 0.058608 6.12E-10 0.050657 3.19E-11 0.042292 1.36E-12 0.034103 4.67E-14