10 Risk Assessment Templates to Mitigate Risks This Year
As the tech industry continues to rapidly evolve, it's becoming ever more important for businesses to proactively manage their risks.
Unexpected bottlenecks and setbacks can often lead to costly losses in time and money, not to mention damage to your company’s reputation. Risk Register templates are essential for any organization to help track and manage potential risks. To help you further, we've curated a list of the 10 Best Free Risk Assessment Templates for 2023 (Editor’s Pick).
Whether you work in compliance or operations risk management our list has something perfect for everyone! So dive into our expert review today and start creating a safe & secure digital future!
1. ClickUp’s Risk Register Template (Editor’s Pick)
With hundreds of fully transparent, customizable, and functional features, ClickUp provides the ultimate platform for teams of any size to monitor project updates, manage risks, and work together all in one place. ClickUp offers a library of templates for every task, project, and industry to help anyone get started.
ClickUp’s Risk Register Template is designed to help project managers identify, manage, and track potential risks associated with a project. This template includes several features that enable project managers to create a comprehensive risk management plan. The template comes with elements to document risk descriptions, risk owners, triggers, probability, and response plans. This helps project managers to create a strategic plan to mitigate potential risks before they escalate into significant issues.
Main Elements of this Risk Register Template
ClickUp’s Risk Register template includes:
- Custom Statuses such as Occurred, Mitigated, and Active to keep track of the progress of each risk in the project
- Use 7 different custom attributes such as Consequence, Description, Expected Cost of Risk, Mitigation Cost, Probability, and more to keep track of potential risks and their associated costs
- Open 6 different views in different ClickUp configurations, such as Costs of Risks, List of Risks, Risks by Status, Risks by Response, Risks by Level, and more so that all the information is easy to access and organized
- Improve risk management with task dependencies, automated reminders, collaborative editing, and more
How to Use This Template
Highly effective teams can use ClickUp’s Risk Register Template to create detailed risk registers with ease.
First, hit “Get Free Solution” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.
Next, invite your team to your Workspace to start collaborating.
Take advantage of the multiple views to visualize deliverables in different categories.
Finally, have your team add important details to the pre-built Custom Fields, such as goals, project progress, and objectives to get the most complete details of your projects and tasks.
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Get started with ClickUp’s Risk Register template for free, no credit card required
2. ClickUp Value Risk Matrix Template
ClickUp's Value Risk Matrix Template is a pre-built document designed to help project managers assess the relative value and risk of different tasks or initiatives in a project. The template typically. This template enables project managers to prioritize tasks or initiatives based on their potential impact and risk level. By plotting tasks or initiatives on the matrix, project managers can assess where to focus their efforts and resources, ensuring that they are working on tasks that have the highest potential value while minimizing risks.
Main Elements of this Value Risk Matrix Template
- List-type template to help users prioritize and identify the degree of risk associated with their implementation
- Users may add additional columns, such as task/initiative descriptions, deadlines, and responsible team members
- Comprehensive overview of all tasks/initiatives associated with the project, enabling them to manage resources more effectively
Try the Template
Get this Value Risk Matrix Template from ClickUp for free
3. ClickUp Risk Assessment Whiteboard Template
Use this ClickUp Risk Assessment Whiteboard template to create a systematic process for identifying, assessing, and controlling hazards and risks to improve the chance of successful project completion. The Risk Assessment Whiteboard Template allows team members to brainstorm and collaborate on potential risks and develop mitigation strategies together. The template may also include additional sections for tracking progress on mitigation efforts and updating risk profiles based on new information.
Main Elements of this Risk Assessment Whiteboard Template
- Whiteboard template encourages collaboration and teamwork, enabling multiple people to contribute and build on each other's ideas
- Includes a section for developing mitigation strategies to address each identified risk
- Helps teams to assess the likelihood and impact of each identified risk, as well as determine the severity of the risk
Try the Template
Get started with ClickUp’s Risk Assessment Template for free, no credit card required
4. ClickUp Risk Benefit Analysis Template
Decide on the better activities to pursue with ClickUp's Risk Benefit Analysis Template. This document template serves as a valuable tool for project teams to evaluate the potential risks and benefits associated with different activities or initiatives. This is designed to help project teams make informed decisions by evaluating the potential risks and benefits of different activities or initiatives. By using this template, project teams can make more informed decisions, develop mitigation strategies to address any identified risks, and ultimately increase the chances of project success.
Main Elements of this Risk Benefit Analysis Template
- Provides a section for developing mitigation strategies to address each identified risk
- Helps teams to identify the potential benefits of the activity or initiative under consideration.
- Section for identifying potential risks associated with a specific activity or initiative
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Add this Risk Benefit Analysis Template to your ClickUp Workspace
5. ClickUp PI Risk PlanningTemplate
This ClickUp PI Planning Template can be used to direct your team toward a shared goal which can be used for risk assessment as well. It can help project teams evaluate and manage risks associated with a particular project increment. This template includes several features that enable project teams to identify, assess, and manage risks in a structured way during the PI (Program Increment) planning process.
Main Elements of this PI Risk Planning Template
- Program board layout to get a picture of your team's backlog, including workload, capacity, and risks
- Provides a section for developing mitigation strategies to address each identified risk
- Assess the potential impact of each identified risk on the PI objectives and key results
Try the Template
Get ClickUp’s PI Risk Planning Template here for free
6. ClickUp Project Management Risk Analysis Template
The Project Management Risk Analysis Template by ClickUp helps project managers identify, assess, and manage risks associated with a project. This template provides a structured approach to risk analysis, enabling project teams to systematically identify, analyze, and evaluate potential risks as they arise throughout the project lifecycle. This template can be used as a collaborative tool that encourages team members to work together and share their ideas and insights.
Main Elements of this Project Management Risk Analysis Template
- Provides a section for identifying potential risks associated with the project
- Includes a section for developing mitigation strategies to address each identified risk
- Allows teams to evaluate the likelihood and impact of each identified risk, as well as determine the severity of the risk.
Try the Template
Get this Project Management Risk Analysis Template from ClickUp
7. ClickUp Risk Analysis Whiteboard Template
ClickUp’s Risk Analysis Whiteboard Template facilitates the process of identifying, assessing, and managing risks associated with a project. This visual template presents a risk analysis in a whiteboard format, making it easy for teams to brainstorm potential risks, organize and categorize them, and develop mitigation strategies.
Main Elements of this Risk Analysis Whiteboard Template
- Risk severity section helps users assess the likelihood and impact of each identified risk, as well as determine the severity of the risk
- Teams can brainstorm possible solutions and assign responsibility for implementing them
- Risk Status Tracking enables teams to track the progress of mitigation efforts and update the status of each identified risk as needed
Try the Template
Get ClickUp’s Risk Analysis Whiteboard Template here for free
8. ClickUp Risk Mitigation Action Plan Template
ClickUp’s Risk Mitigation Action Plan Template can help identify, assess, and prioritize potential risks. Project teams can refer to this template when developing an organized plan of action to mitigate potential risks associated with a project. This template provides a structured approach to risk mitigation, enabling teams to systematically identify, assess, and evaluate potential risks as they arise throughout the project lifecycle.
Main Elements of this Risk Mitigation Action Plan Template
- Improved decision making and faster implementation of decisions
- Reduced chance of major financial losses
- Provides a timeline for each mitigation strategy, ensuring that they are implemented in a timely manner
Try the Template
Complete your ClickUp Workspace with this Template
9. Word Risk Assessment Matrix Template
Using this Word Risk Assessment Matrix template can help project teams identify, assess, and evaluate potential risks, making it easier to develop an effective risk management plan. It can be customized to fit the specific needs of a project. Users may include additional columns for risk mitigation strategies, risk owners, and status updates. By using this Word template, project teams can increase their chances of project success by proactively managing potential risks.
Main Elements of this Risk Assessment Matrix Template
- Chart to map the scale of severity of each risk item
- Mark if items are high, medium, or low risk
- Add additional columns for risk mitigation strategies, risk owners, and status updates
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10. Social Media Risk Assessment Template
This Social Media Risk Assessment Template for Word or Docs is a customizable document that helps organizations assess and manage the potential risks associated with their social media activities. This template typically includes a series of questions that probe different aspects of social media use, such as data privacy, compliance with regulations, reputation management, and security.
Main Elements of this Social Media Risk Assessment Template
- Divide risk analysis between chapters to organize all action items
- Implement security measures to keep all social media activities safe
- Structured approach to social media risk assessment to identify potential risks and develop appropriate mitigation strategies
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Best Ways to Utilize Each Risk Assessment Template
Businesses can effectively use and manage risk assessment templates to identify and mitigate potential risks by following these simple steps and practices.
- Determine the scope of the assessment: Before you begin using a risk assessment template, determine the scope of the assessment. This includes identifying the assets, processes, or systems that you want to assess for potential risks.
- Customize the template: Risk assessment templates can be customized to meet the specific needs of your business. Add or remove categories and questions to make the template more relevant to your organization.
- Conduct the assessment: Use the template to identify potential risks and rate them based on their likelihood and impact. Make sure to involve relevant stakeholders in the process to ensure a comprehensive assessment.
- Review and update regularly: Risks change over time, so it’s important to regularly review and update the risk assessment template. This ensures that the assessment remains current and relevant to your business.
- Communicate results: Share the results of the risk assessment with relevant stakeholders in your organization. This includes discussing identified risks and potential mitigation strategies.
Find the Risk Assessment Templates and Tools You Need from ClickUp
Whether you’re identifying possible risks of a project before it commences or is in the middle of risk mitigation, ClickUp’s template library has everything for all teams and organizations. Aside from finding the right template, equip your team with the right tools and applications to identify, assess, and manage all risks to improve and increase project efficiency and success.
Find everything you need and more with ClickUp! Sign-up for a free account and find the right template for your risk management needs.
