Project risk assessment template

Are you looking for a way to evaluate the risk level of your own or your customer’s next project? 

With an objective, scored project risk assessment template, you can sleep on both ears.

Pointerpro is the 2-in-1 software that combines assessment building with personalized PDF feedback report generation.

An example of a project risk assessment template question and personalized feedback report

What is risk assessment in project management?

Risk assessment in project management is the process of identifying, analyzing, and evaluating potential risks that could affect the success of a project. It involves systematically assessing the likelihood and impact of various risks on project objectives and determining appropriate strategies to mitigate or manage those risks.

One example: Before that one great product, we find in our favorite supermarkets ever finds its way to the shelves. This company produces it had to evaluate if the project of launching it was worth their investment.

A marketing consultancy may have surveyed the company in question about market saturation, changing consumer preferences, or potential supply chain disruptions that could impact the successful launch and market penetration of the new product. 

The entire assessment may or may not have been integrated into one (or more) digital assessments.

3 reasons to use Pointerpro as a project risk assessment tool

3 reasons to use Pointerpro as a project risk assessment tool

Number 1

Interactive user experience

With the Questionnaire Builder, you get to create an engaging feedback form. How? With numerous design and layout options, useful widgets, and countless question types.

Number 2

Refined, score-based analysis

Our custom scoring engine helps you quantify and categorize diverse answers. The result? An objective and nuanced project risk assessment that facilitates decision-making. 

Number 3

Automated feedback in PDF

Thanks to your setup in the Report Builder, employees get a detailed project risk report in PDF: with personalized feedback, useful tips, and an action plan.

Interactive user experience
Numerous design options, useful widgets, and countless question types.
Refined, score-based analysis
The custom scoring engine helps you quantify answers for easier decision making.
Automated feedback in PDF
For each respondent! With personalized responses, useful information, and your brand design.

1.500+ businesses worldwide build assessments with Pointerpro

Key steps to conduct a project risk assessment

Whatever the project risk assessment template, key steps generally include:

By conducting thorough project risk assessments and implementing effective risk management strategies, project managers can proactively identify and address potential challenges, ultimately enhancing the likelihood of project success.

How to create a project risk assessment template to serve customers

If you’re a professional service provider or consultant, you undoubtedly take on similar projects for various customers. That provides you with an opportunity: Consolidating your expertise in one project risk assessment template. One that you get to administer digitally to any customer who will potentially embark on a new project journey.

Creating such a project risk assessment template involves several key steps:

By following these steps, you can develop a comprehensive and user-friendly project risk assessment template that helps your clients identify and mitigate risks effectively.

Project risk assessment example questions

Here are 30 project risk assessment example questions divided into 3 categories

10 project risk assessment example questions for a new product launch

In a company, a project risk assessment for a new product launch could typically be administered by the product development team, marketing team, or project manager responsible for overseeing the new product launch. As discussed, companies also tend to confide in external consultants for their broad experience, often across different industries.

The approach to the project risk assessment template questions would involve gathering insights from key stakeholders involved in the launch process, including product managers, marketing professionals, sales teams, and executives. The goal is to identify potential risks that could impact the successful introduction of the new product to the market and develop strategies to mitigate these risks effectively. Here are 10 example questions:

10 project risk example questions for event planning

These questions can help event planners identify, assess, and mitigate risks to ensure the successful execution of the event.

10 project risk example questions for merger or acquisition integration

These questions can help organizations involved in a merger or acquisition identify, assess, and mitigate risks to ensure a smooth and successful integration process.

Why is custom scoring a must-have in your project risk assessment tool?

Custom scoring in a project risk assessment tool makes risk evaluation measurable, providing stakeholders with quantifiable metrics to assess and interpret risks. By defining specific criteria and scoring scales tailored to the project’s objectives and context, organizations can assign numerical values to different risk factors, likelihoods, and impacts.

This quantification enables stakeholders to gauge the magnitude of each risk, compare risks against one another, and prioritize them based on their severity and potential consequences. With measurable risk assessments, decision-makers have a clearer understanding of the risk landscape, allowing for more informed decision-making and resource allocation. Furthermore, the ability to track changes in risk scores over time provides insights into the effectiveness of risk mitigation efforts and helps organizations adapt their strategies accordingly. Ultimately, custom scoring enhances the interpretability of risk assessment results, facilitating more effective risk management and project governance.

Our product director explains custom scoring in a nutshell below:

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Common project risk factors: a checklist

The exact questions you end up using for your project risk assessment template may differ. Nonetheless, there are some key project risk factors you should always consider when setting up a project risk assessment:

Project risk report template: What to include

A project risk assessment template is not of much value if it doesn’t come with a clear report. To inform and engage stakeholders, typically, a PDF is created that consists of (most of) the following sections:

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