Controls Risk
(What is in Treatment(s)
Risk Date Risk
Key Risk Risk place to (Accept, Avoid,
Date Risk Classification Probability Financial and Current Status Probab Risk
No. Process Identifier/Initiat Risk Description Impact (I) Factor prevent, Reduce, Share Respon Impact
Added (Business/Pro (P) Impact Risk Treatment Action Contigency Action Controls (Open-Current Risk; ility Factor
Step or (P x l) detect and risk source, sibility (I)
ject/Stage) Last E-Ended) (P) (P x l)
mitigate Change
risk) probability) Assessed
4
5
6
7
8
Notes :-
A risk is a specific event that could happen at some point in the future, ie:
"Insufficient test resources" is not a risk
"Project is delayed because of insufficient test resources" is a risk.
Mitigation: What we are doing to avoid the risk.
Contingency: What we will do if it happens.
Impact (Severity)
Minor(1) Negligible(2) Marginal(3) Critical(4) Catastrophic(5)
Frequesnt(5) 5 10 15 20 25
Probability
Probable(4) 4 8 12 16 20
Occassional(3) 3 6 9 12 15
Remote(2) 2 4 6 8 10
Improbable(1) 1 2 3 4 5