[PDF] 5x5 risk matrix template word

What is a 5x5 matrix template?

The 5x5 matrix template provides additional scaling options; this template is ideal for organizations that need more granular insight into each risk. After determining the values for severity and likelihood, use the grid to determine the priority of the risks.

Where can I find a risk-and-opportunity matrix template?

To find the template that meets your specific risk-and-opportunity matrix needs, download one of these free risk assessment matrix templates. The International Organization for Standardization (ISO) risk and opportunities register template offers a standardized tool to help businesses identify, evaluate, and manage risks and opportunities.

What are the different types of risk matrixes?

There are different types of risk matrixes, but there is no big difference in their design. The commonest used risk assessment matrix template is the 5×5 risk matrix template. On one side, it shows the probability or likelihood of a risk occurring. On the other side, it shows the impact or severity of the risk can have on the project.

How do I use a 3x4 risk matrix?

After determining the values for the severity and likelihood, use the grid to determine the risks that need to be addressed first. This 3x4 risk matrix template uses non-numeric scales for likelihood and severity; after selecting the options for each parameter, use the values in the matrix to determine the level of severity for each risk.