Risk Assessment Matrix

Running head: RISK ASSESSMENT MATRIX
Risk Assessment Matrix
Name of the Stusent
Name of the University
Author’s note

Risk Assessment Matrix Template
Risk event Risk
Category
Probability
(Likelihood)
Impact
(Severity)
Risk Priority
Number (P x
I)
Rank Mitigation Owner
The risk could be
based on the fact
that there would be
insufficient amount
of funding for the
project. This mighty
hamper the
successful delivery
of the project.
Financial
risk
5 9 45 3 Ensure all the
monetary factors
and thus prepare a
final plan for the
project.
Project
Manager
and
Project
Sponsor
The activities and
other schedules
would might not be
followed.
Schedule
risk
4 7 28 2 The project
manager should
communicate with
each of the
stakeholders and
thus decide on the
best factors that
would fit within the
project schedule.
Project
Manager
The sponsors might
not be available
Sponsorshi
p risks
4 5 20 4 The sponsors
should be hired on
Project
Sponsor

during the event
process and this
might lead to severe
project implications.
a contractual basis.
They should be
signed with a
negotiation
contract with which
they be bounded to
follow the process
The safety officers
might not install the
different safety
devices within the
event place.
Safety
related risks
5 4 20 4 The safety devices
should be installed
properly. This
would ensure that
the safety within
the workplace
would be
maintained and
thus ensure higher
safety for the
visitors.
Safety
Officer
and
Project
Manager
Tutorial – Risk
New athletics stadium