Information Technologies
Client: Client Name
Risk Assessment Worksheet
Project: Project Name
Date: dd-mmm-yyyy
Project Name:
<Project Name>
Date:
Period of Examination:
<List the time span of the risk assessment (i.e. annual, specific period etc). This
has significant implications for consistent probability ratings.>
Participants: <Do we have the necessary
expertise present?>
Identify Risk Scenario & Potential
Impacts
Impact &
Probability Rating
Risk
Level
Risk Treatment Strategy
And Mitigation Plan
Residual
Risk
What is the current
level of risk given the
existing practices?
(Use Risk Matrix
below)
If the risk is deemed to be unacceptable what can be done about it?
What level of risk is
left over and / or
has the treatment
strategy or
mitigation plan
introduced new
risk(s)?
<use matrix below>
What could stop us from achieving our objectives?
What can go wrong?
Document ID: 04009010
What impact does it have?
NOTE: Consider each
impact category
separately!
Page 1 of 4
Information Technologies
Client: Client Name
Risk Assessment Worksheet
Project: Project Name
Date: dd-mmm-yyyy
A
Remote
5
Critical

4
Serious
Impact

3
Major
Not likely to occur
during life cycle
- or Rare in industry,
none expected for
the system being
assessed
B
Unlikely


Conceivable but
unlikely to occur
during life cycle
-orOne occurrence
every three to five
years
C
Likely


Isolated incident Likely to occur
during life cycle
-orLess than one
occurrence a year
D
Frequent


Happens often and
might be expected
during life cycle
- or Annual occurrence
or more (> 1/year)
2
Moderate
1
Minor
A
B
C
Remote
Unlikely
Likely
Probability
Risk Level and Action
Extreme – Stop activities unless
risk controls have been implemented
and the risk is reduced to a lower
level.
Moderate – Risk Controls
Required.
High – Extensive risk controls must
be immediately implemented.
Low – Some risk controls are
justified.
Document ID: 04009010
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Information Technologies
Client: Client Name
Risk Assessment Worksheet
Project: Project Name
Date: dd-mmm-yyyy
Schedule

Customer Satisfaction

Timeline is extended by >100%
5
Critical

Total loss of productivity in the
business functions
Client is extremely unhappy about
many aspects of the project
Scope/Quality
 System
Budget
does not produce any of the
correct business results
 System solution does not satisfy a
significant portion of the requirements
and processes defined


Projected cost is overspent by >100%
Many additional project resources
required
 Timeline
is extended by >75%

Moderate to High loss of productivity in
the business functions
 Client is unhappy about many aspects
of the project
 Major
flaws in the results produced by
the system
 System solution does not satisfy a
high portion of the requirements and
processes defined
 Projected cost is overspent by >75%
 Several additional project resources
required
 Timeline
is extended by >50%

Client has difficulty doing portions of
their job
 Client is unhappy with certain aspects
of the project
 Errors
and inconsistencies in the
results produced by the system
 System solution does not satisfy a
certain portion of the requirements
and processes defined
 Projected cost is overspent by >50%
 Additional project resources and skill
sets required
 Timeline
is extended by >25%

Delivered solution causes extra work
to the client
 Client is irritated with changes made to
their business processes and job
functions
 Some
of the business process results
are incorrect
 System solution does not satisfy some
requirements and processes defined
 Projected cost is overspent by >25%
 Some additional project resources or
skill sets required
 Timeline
is extended by >10%

A
 Projected cost is overspent by >10%
 Some additional skill sets required
4
Serious
3
Major
2
Moderate
1
Minor
Document ID: 04009010
Client is mildly unhappy with a small
aspect of the project
few business processes have
incorrect results
 System solution does not satisfy a
very small number of the requirements
and processes defined
Page 3 of 4
Information Technologies
Client: Client Name
Risk Assessment Worksheet
Project: Project Name
Date: dd-mmm-yyyy
Approvals:
Business Sponsor:
Name, Title
Date
(The Project Sponsor is approving the contents of this Project Worksheet and is accepting
the risk identification, risk ranking and risk responses that have been identified.)
IT Lead:
Name, Title
Date
(The IT Lead is approving the contents of this Project Worksheet and is accepting the risk
identification, risk ranking and risk responses that have been identified.)
Project Manager:
Name, Title
Date
(The Project Manager is committing to monitor and respond to, manage and escalate as necessary,
any risk events that occur as well as new risks that may arise. The Project Manager is also committing
to ensure the identified risk responses are executed as defined.)
Revision History
<The revision history log maintains a record of changes to a document, along with the associated revision number and date. It
typically appears just after the table of contents. It is useful in tracking changes for key project documents that can be reissued with
changes such as a project charter, requirements and design documents, strategy and planning documents>
Date of this revision:
Revision
Number
Revision Date
Document ID: 04009010
Date of Next revision:
Summary of Changes
Author
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