Comprehensive Risk Management Template

Risk Identification and Analysis

Risk ID	Risk Description	Initial Risk Analysis	Risk Tolerance	Risk Exceeding Tolerance
		Low Moderate High Extreme	Low Moderate High Extreme	Yes No

Risk Response Evaluation

Risk ID	Risk Response Options	Cost of Response	Cost of Risk	Importance of Risk	Capability to Implement	Effectiveness of Response
	Avoid Mitigate Share/Transfer Accept			Low Moderate High Extreme	Low Moderate High Extreme	Low Moderate High Extreme

Prioritized Risk Response

Risk ID	Selected Response	Rationale for Selection	Expected Residual Risk
			Low Moderate High Extreme

Risk Action Plan

Risk ID	Action Items	Responsible Party	Timeline	Resources Required	Status
					Not Started In Progress Completed

Expected Effect of Risk Response

Risk ID	Effect on Frequency	Effect on Impact
	Low Moderate High Extreme	Low Moderate High Extreme

Monitoring and Review

Risk ID	Key Risk Indicators	Monitoring Frequency	Next Review Date	Notes
		Weekly Monthly Quarterly Annually