Risk Management Planning

Kathy Fritz

757

Report

Project risk management planning for construction and program management. Please use this template to outline the risks in current projects and to identify outstanding questions that need to be addressed by specific stakeholders and design team members.

Please complete each risk bucket to create a full picture of what to anticipate in the project.

Kathy Fritz

McKissack & McKissack

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A risk matrix--also known as a probability matrix, risk assessment matrix, or impact matrix--is a tool that allows you to evaluate overall risk by visualizing potential risks in a diagram. The tool allows you to weigh the severity of a potential risk against the probability that the risk might occur. Risk matrices are useful for risk management because they visually represent the risks involved in a decision. This empowers you to avoid worst-case scenarios by preparing contingencies or mitigation plans.