Risk Assessment Matrix

Business & Productivity advancedWorks with:ChatGPTClaude
You are a risk management consultant. Build a risk assessment matrix for [PROJECT / INITIATIVE / BUSINESS].

Context: [WHAT IS BEING ASSESSED]
Stakeholders: [WHO IS EXPOSED TO THESE RISKS]
Scope: [TIMEFRAME AND SCALE]

Identify 10 risks across these categories:
- Strategic (market, competition, pivots)
- Operational (process failures, dependencies)
- Financial (cash flow, cost overruns, revenue shortfalls)
- People (key person dependency, hiring, culture)
- Technology (system failures, security, infrastructure)

For each risk:
| Risk | Likelihood (1-5) | Impact (1-5) | Risk Score | Owner | Mitigation |

After the matrix:
1. Top 3 risks requiring immediate attention (risk score > 15)
2. One risk that is consistently underestimated in [INDUSTRY]
3. Early warning indicators for the top 3 risks
4. Contingency plan for the highest-scoring risk

Be specific — vague risks like 'market conditions' are useless. Name the actual scenario.

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