Risk assessment template

Risk assessment template is a sample document that shows the process and procedure of controlling risks and risk evaluation. A well designed sample risk assessment can help both the management team and individuals to manager risk effectively.


Risk Management Overview

Risk assessment needs to define hazard and risks. Risk management is an important way to protect your workers and your business, while at the same time complying with the law. It helps you to focus on the risks that really matter in your workplace – the ones with the potential to cause real harm. However, for an effective risk management, it is crucial to first identify the potential hazard and risks. A hazard is an act or condition that has the potential to cause damage to plant or equipment, or result in an illness or injury. On the contrary, a risk is the likelihood of a specific consequence occurring. Risks are usually expressed in terms of likelihood and consequences. In many cases, the terms ‘hazard’ and ‘risk’ are used interchangeably. However, remember that ‘hazard’ has a more general application and ‘risk’ a specific application.

Risk assessment needs to evaluate the potential risks. Risk management has three main stages- risk identification, risk assessment and risk control. In many cases, in the early phase of identifying risk we may in fact be looking to identify all the risks associated with a particular activity or process. For example, Risk identification is the process of examining each work area and work task for the purpose of identifying all the hazards which are ‘inherent in the job’.

Risk Assessment Template Design

There are free assessment template you can download for reference, however, you may develop your own personalized risk assessment sample using common software such as Word or Excel. During the process of design, it is important to consider the risk assessment format, risk assessment layout and risk assessment outline.

The first key part in risk assessment template is the introduction. In the section, you need to give an overview of the situation and definition of the terms. For example, the Target Name:___; The Team Participants:___; The Scope:___; The Risk Overview:___.

The second key part in risk assessment format is the risk assessment process. In the section, you need to give detail steps of identifying the potential risk and their likelihood. For Example, Risk Description:___; Risk likelihood:___; Risk Ranking:___; Risk Impact:___.

The last key part in risk assessment form is the risk categories. In the section, you need to put all the potential risks into a form. For example, Potential Risk 1:___; Risk 1 Category:___; Risk 1 Potential Impact:___(Give a score 1 to 5); Risk Ranking:___; Risk Control Point:___, Risk Control Strategy:___.