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Risk Assessment Template

Miro

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About the Risk Assessment Template

A risk assessment template means you don’t need to start from scratch for every project and means you stay consistent in how you identify and evaluate business risks.

How to use the risk assessment template

Making your own risk assessment is easy with Miro. Get started by selecting the risk assessment template, then take the following steps:

1. Decide how granular your risk assessment needs are

A simple risk assessment framework offers three risk levels: low (coded as green or 1), medium (coded as yellow or 2), or high (coded as red or 3). A more detailed framework can extend to a description of extreme (not just high) risks and increase its numeric scale up to 20. Add new rows and grids as needed.

2. Figure out the type of risk your team is dealing with

The level of risk depends on what category the risk itself is. Is your risk strategic, organizational, financial, market- or technology-related?

3. Identify the risk criteria and rank the risk accordingly

Your matrix will help assess the potential risk according to its likelihood and impact. There may be other criteria that are useful to consider, such as risk speed and the organization’s vulnerability to threats.

4. Assess the risks

Analyze your risks according to color codes (green to yellow to orange to red) and numeric scales. Discuss the probability and business impact of each potential risk.

5. Consider emergency response plans

These can be helpful in case you’re wrong about the likelihood or severity of a high-rated risk.

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