What is a risk assessment template?
A risk assessment template is a tool used to examine various risks (e.g., financial, human safety) based on severity and probability. In a risk assessment, actions are proposed to reduce or eliminate certain risks.
A safety risk assessment might cover trips and falls in the workplace, whereas a project risk assessment could examine operational challenges like cost overruns and missed deadlines.
What does this risk assessment template include?
Our template includes the following:
Benefits of a risk assessment for your business
A risk assessment template can serve as the blueprint for evaluating potential risks and offers many advantages for your business, including:
Awareness
Risk assessment promotes awareness of risks within an organization and may increase compliance with risk reduction activities.
Measurement
Risk assessment helps you determine the likelihood and severity of risks. This lets you better target the most important risks.
Results
Conducting a thorough risk assessment can help you address potential risks proactively. This way, you can better prevent or minimize any resulting impact or damage stemming from those risks.
