Risk Assessment Matrix

Use a risk assessment matrix to identify risk priorities.

  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)
  5. Risk Assessment Matrix Template


This template can be accessed in the Improvement Tools drop-down menu, found in the "Templates for Lean Six Sigma" portion of the software:

Improvement Tools Bottom Menu


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