FigJam
Play the best odds every time with a risk matrix template

Understand the relative probability and impact of potential risks at a glance to craft smarter roadmaps and sharper executive summaries. With FigJam’s risk matrix tool, you don’t have to gamble—you can stack the deck in your favor.

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Risk management matrix template

Ensure that everyone on the team understands what they’re getting into—even across continents.

Run it by the experts

Visualize risks and prep for potential impact when you put your heads together on a sample risk matrix.

Strategize: Recognize potential risk early and prepare a response plan by allocating resources ahead of time.

Prioritize: Sort tasks by severity and probability of risk, then approach them accordingly.

Synergize: By brainstorming on a risk matrix, reduce the impact of risk (or eliminate it altogether).

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FigJam
All business. No risk.

On a collaborative, open template, it’s easy to go deeper with your risk assessment practices. Involve your entire organization from top to bottom to gain insight into everything at stake. With interactive widgets like Lil Notes and emotes, you can collect live feedback from your team members as you work.

FAQs

A risk matrix is a planning tool used to assess the level of risk and likelihood of occurrence of any given action. It is most often utilized by development and project management teams but has a wide variety of applicable uses and can help outline the potential risks of any situation or decision.

Figuring out how to calculate risk probability and impact matrix details can be tricky, but FigJam makes it simple. Begin by opening up our free example of risk matrix and then follow this general order of operations:

1. Determine which risks you’ll be assessing. To complete this step, you may need to involve a handful of departments and undertake a good deal of information gathering and brainstorming.

2. Plot individual risks according to their impact (very minor, minor, moderate, major, and critical/high) and the probability of occurrence (rare, unlikely, moderate, likely, and certain).

3. Observe your data, and prioritize accordingly.

You can use your filled-in risk matrix sample to determine which risks comprise acceptable and unacceptable combinations of severity and likelihood. Then, you can start prepping. Share your findings across your organization, source feedback from stakeholders, and begin to lay the groundwork for any potential consequence or outcome.

With a risk assessment matrix template in your back pocket, you can reduce wasted time, increase productivity, and strategize with your whole organization—no risk, all reward.

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