Download Our Free Risk Matrix Template
Understand the risks associated with your project and plans with our free Risk Matrix Template available in Google Sheets.
What is a Risk Matrix?
A Risk Matrix is a visual representation of the risks a company or project faces. Using a 5x5 grid makes identifying the likelihood of a consequence easy.
To get started, you should identify project risks, considering factors such as resources, budget, and timeline, before listing the potential risks that could arise. Then, you can start scoring each risk on severity and likelihood and input them into the matrix.
Using the Risk Matrix can help you and project stakeholders rapidly determine risk impact, without sifting through paragraphs of text and data.
You can read our full guide to using Risk Matrix here.