Risk Identification and Assessment Form

Directions
The risk identification and assessment form should be used to assess risks to and their
impact on a project. Types of risks to be identified using this form include the following:
Scope
Timescales
Deliverables
Resources
Milestones
!penditure
The Risk "orm should be completed by the Risk #dentifier and formally distributed to the
$roject Manager for review. The $roject Manager will determine whether or not the form
provides ade%uate information to submit to the Risk Review &roup for approval. The
$roject Manager may either re%uest that more information be provided' or he may
re%uest that a formal feasibility study be conducted. "ollowing the completion of either
of these activities' the risk documentation will be presented to the Risk Review &roup
for approval. The $roject Manager will monitor the status of the risk and communicate
the final decision of the Risk (pproval &roup to the Risk #dentifier.
To initiate a risk assessment' please complete the following form. (ll sections M)ST be
completed. (ttach to this form any supporting documentation that may assist in the risk
review. $lease sign and date the risk form and forward it along with any supporting
documentation to the $roject Manager for review.
(ny in%uiries regarding the progress of this Risk should be forwarded to the $roject
Manager directly.
Go on to next page for the form itself.
gantthead.com Risk Identification and Assessment Form
Risk Identification and Assessment Form
Risk ID: <ID>
Business Area: <Area>
Raised by: <Name>
Project Name: <Name>
Date Raised: <MM/DD/YYYY>
Project Manager: <Name>
Risk Description:
Add a brief description of the risk
Likelihood:
Choose either
Low/Medium/High
Impact:
Choose either Low/Medium /High/Critical
Impact Description:
Add a brief description of what affect the risk would have if it actually happened.
This should include any effects on deliverables, timescales and/or budgets.
Recommended Preventive Actions:
Add a brief description of any actions that should be taken to prevent the risk from
eventually coming to pass.
Recommended Contingent Actions:
Add a brief description of any actions to minimize impact on the project that should
be taken in the event that the risk happens.
Supporting Documentation:
Add any documentation references that may substantiate this risk.
Signature: Date:
Please forward to the project manager for project review group sumission
*+,,- gantthead.com !