Risk Assessment Worksheet

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?

Document ID: 04009010 Page 1 of 4

Information Technologies

Client: Client Name

Risk Assessment Worksheet

Project: Project Name

Date: dd-mmm-yyyy

Identify Risk Scenario & Potential Impacts / Impact & Probability Rating
<use matrix below> /

Risk

Level

Risk Treatment Strategy

And Mitigation Plan / Residual Risk /
What could stop us from achieving our objectives? What can go wrong? / What impact does it have?
NOTE: Consider each impact category separately! / 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)?
A
Remote /

B

Unlikely

C

Likely

D

Frequent

· Not likely to occur during life cycle
- or -
· Rare in industry, none expected for the system being assessed / · Conceivable but unlikely to occur during life cycle
-or-
· One occurrence every three to five years / · Isolated incident - Likely to occur during life cycle
-or-
· Less than one occurrence a year / · Happens often and might be expected during life cycle
- or -
· Annual occurrence or more (> 1/year)
Schedule / Customer Satisfaction / Scope/Quality / Budget
5
Critical / · Timeline is extended by >100% / · Total loss of productivity in the business functions
· Client is extremely unhappy about many aspects of the project / · System 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
4
Serious / · 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
3
Major / · 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
2
Moderate / · 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
1
Minor / · Timeline is extended by >10% / · Client is mildly unhappy with a small aspect of the project / · A few business processes have incorrect results
· System solution does not satisfy a very small number of the requirements and processes defined / · Projected cost is overspent by >10%
· Some additional skill sets required

Document ID: 04009010 Page 1 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

Date of this revision: / Date of Next revision:

Revision Number

/ Revision Date / Summary of Changes / Author

Document ID: 04009010 Page 4 of 4