Risk Assessment Matrix Template

What is Risk Assessment Matrix Template?

A Risk Assessment Matrix (RAM) template is a tool used to evaluate and prioritize potential risks in a project or process. It helps to identify, assess, and mitigate risks by providing a structured framework for risk analysis.

Here's a general outline of what a typical Risk Assessment Matrix Template looks like:


  1. Risk ID: A unique identifier assigned to each risk.
  2. Description: A brief description of the potential risk.
  3. Probability: The likelihood of the risk occurring (e.g., Low, Medium, High).
  4. Impact: The potential impact or consequence of the risk if it occurs (e.g., Low, Medium, High).
  5. Risk Score: A calculated score based on probability and impact (e.g., 1-10).


  1. Risk Category: A category or group for organizing risks (e.g., operational, financial, reputational).
  2. Risk Mitigation: Strategies or actions to mitigate the risk.

Example of a Risk Assessment Matrix Template:

Risk ID Description Probability Impact Risk Score Risk Category Risk Mitigation
1 Project delays due to resource constraints High High 8/10 Operational Prioritize tasks, allocate additional resources
2 Data breaches due to security vulnerabilities Medium Very High 9/10 Financial Implement additional security measures, conduct regular audits
3 Regulatory non-compliance due to inadequate training Low Medium 5/10 Reputational Provide regular training sessions, ensure compliance with regulations

In this example, the RAM template helps identify and assess three potential risks: project delays, data breaches, and regulatory non-compliance. The risk scores are calculated based on probability and impact, allowing for easy prioritization of mitigation efforts.

Benefits of using a Risk Assessment Matrix Template:

  1. Structured risk assessment: Provides a clear and organized framework for evaluating and prioritizing risks.
  2. Easy risk scoring: Simplifies the process of calculating risk scores, making it easier to prioritize mitigation efforts.
  3. Improved risk management: Enhances the overall risk management process by identifying potential risks early on and developing effective mitigation strategies.

Remember that the specific columns and rows may vary depending on your organization's needs and risk assessment requirements.

Risk Assessment Matrix

  • Project Name:
  • Project Manager:
  • Assessment Date:
ID Risk Description Category
R1 Risk of delay due to supplier issues Supply Chain
R2 Risk of budget overrun Financial
R3 Risk of low user adoption Operational
ID Likelihood (1-5) Impact (1-5) Priority (1-25) Mitigation Strategies
R1 3 4 12 Establish alternative suppliers
R2 2 5 10 Implement strict budget controls
R3 4 3 12 Conduct market research and user testing
  • Low Risk: Priority 1-5
  • Medium Risk: Priority 6-15
  • High Risk: Priority 16-25
ID Action Plan Responsible Deadline
R1 Develop a list of backup suppliers Procurement Manager YYYY-MM-DD
R2 Review financial plan and adjust budgets Financial Officer YYYY-MM-DD
R3 Create a user engagement strategy Marketing Lead YYYY-MM-DD
  • Review Frequency: Monthly/Quarterly
  • Next Review Date: YYYY-MM-DD
  • Approved by:
  • Signature:
  • Date:

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  • project/templates/risk_assessment_matrix_template.txt
  • Last modified: 2024/07/16 18:19
  • by Henrik Yllemo