💡Overview

This worksheet is designed to help corporate leadership teams identify and document known risks within various departments, and develop corresponding mitigation and contingency plans. Specifically, the worksheet includes three main views: Full View, By Area, and By Impact / Likelihood

👉Who is it for?

This worksheet is for corporate leadership teams, risk management teams, finance departments, IT departments, project managers, and strategic planning teams. It helps them record, assess, and manage known risks across various departments, enabling the development of mitigation and contingency plans to enhance overall risk management efficiency.

⭐How to Use This Template

• Start in the "Full View" grid view to see all the fields. For each risk, describe the risk, how it would occur, and label it using the "Areas of Impact," "Potential Impact," and "Likelihood" fields.

• Hold working sessions to develop mitigation and contingency plans for each risk.

• You can inform project owners about potential risks in advance and assign corresponding contingency plans for each risk.

• You can also expand the corresponding record to comment on any risky plans.

🎯How the template works

• Full View: This view provides an overview of risks, their impact, likelihood, responsible parties, and mitigation strategies for efficient management.

• By Area: Risks are categorized by department, enabling detailed analysis. Each area’s specific risks are addressed, ensuring tailored risk management for each department.

• By Impact / Likelihood: Risks are ranked by impact and likelihood, helping prioritize critical risks and allocate resources efficiently for mitigation.