Risk Assessment Template – What If?
A risk assessment template can help to assess risk by using a pre designed template with which to manage and reduce risk. A risk assessment worksheet allows companies and individuals to properly reduce and manage risk by using questionnaires and templates to determine the possible risk in certain activities and areas of business. This can help businesses to save money and time by essentially designing a series of questions and determining possible risk such as making a list of parameters of cause and effect that contain the risk. For example a company can determine that a contract needs to be met at a certain time and then deduce the consequences if the contract is not met to determine what possible risks might keep it from happening using a ‘what if?’ scenario. In this scenario the end consequence might be the loss of a significant amount of money. If certain events transpire then it may keep the contract from being met on time and then a company can see which areas need to be properly managed to keep those risks from occurring. This is just one small example of how a risk assessment template can be utilized.