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4PM.com Risk Analysis Template

By Dick Billows, PMP, GCA

Summary: In our 5-step project methodology we take a very practical look at risk and cover it with a concise paragraph in our Broadbrush™ project plan. A good risk analysis give decision makers the data up front to take action to avoid risks. This is a risk template from our 4PM.com foundation classes that we use for qualitative risk analysis on smaller projects where it is not reasonable to do more elaborate risk assessments.

Project managers often skip the risk management process because the sponsor wants them to start quickly without wasting time on things like risk management. This may well doom the PM to fighting fires for the rest of the project. On even a small project we can under take a simple risk assessment process, investing as little as an hour and possibly saving dozens of them by utilizing the form below with our team and/or stakeholders.


 

Risk event

Probability of Occurrence

Magnitude of Impact

Risk Response

 

Medium

High

Low

Medium

High

No Action

Type of Action

 

 

              

 

 

              

 

 

              

 

 

              
               
               
               
               
               

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