Risk Assessment Matrix in Excel
Easy to use Risk Assessment template in QI Macros add-in
Use a risk assessment matrix to identify risk priorities.
To complete the risk assessment matrix
- Input your Risk Descriptions in column A.
- Next, measure your Business Impact in column B by inputting 1 (low), 3 (medium), 5 (high).
- Input your Probability of Occurance in column C: 1 (low), 3 (medium), 5 (high).
- The priority of your risk will be calculated in column D:
(Prioritize your necessary risks based upon the highest/lowest values)
QI Macros installs on Excel. Look for this template in the Improvement Tools drop-down sub-menu.
Other charts included in QI Macros add-in for Excel