Risk Assessment Excel Template

Risk Assessment Excel Template

Download Risk Assessment Excel Template for IT Project

Risk Assessment Excel Template Free Download

What is the Risk assessment?

Risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). 
Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation).

What is the purpose of a risk assessment?

Purpose of Risk Assessment. Employers in each workplace have a general duty to ensure the safety and health of workers in every aspect related to their work. The purpose of carrying out a risk assessment is to enable the employer to take the measures necessary for the safety and health protection of workers.

What are the five stages of risk assessment?

  • Step 1: Identify the hazards. 
  • Step 2: Decide who might be harmed and how. 
  • Step 3: Evaluate the risks and decide on precautions. 
  • Step 4: Record your findings and implement them. 
  • Step 5: Review your assessment and update if necessary.

When might you use a risk assessment matrix?

A risk matrix is a matrix that is used during risk assessment to define the level of risk by considering the category of probability or likelihood against the category of consequence severity. This is a simple mechanism to increase visibility of risks and assist with management decision making.

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