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.

Risk Assessment Matrix Template

To complete the risk assessment matrix

  1. Input your Risk Descriptions in column A.
  2. Next, measure your Business Impact in column B by inputting 1 (low), 3 (medium), 5 (high).
  3. Input your Probability of Occurance in column C: 1 (low), 3 (medium), 5 (high).
  4. 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.

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