This tool contains a list of typical risk factors that may apply to the project.  The team can add more risk items as needed for their project.  The worksheet uses a simple Probability and Impact scoring system as the basis for the Risk Priority Number (RPN) which can be used to sort the risk factors so that the risks that pose the greatest threat to the project are at the top of the list.  The risk factors with high probability and impact are then assigned to team members to develop and implement mitigation and contingency plans.

Some of the Phase-Gate Process templates available from PD-Trak Solutions include pre-populated risk management worksheets with typical risk factors that may apply to the project.  You may choose to build your own pre-populated risk management worksheets optimized to your application.