The risk analysis template streamlines the way you raise new RAID entries and view risks. These risk reports and logs are housed in a central risk analysis page, helping you better manage resources and maximize outcomes by improving your visibility across multiple tasks and projects.
With Wrike’s project risk assessment template, you can:
Step 1: Create a RAID entry
The template comes with pre-built request forms to help you create detailed RAID entries.
Fill out the pre-made form with details like RAID type, description, business cost, and whether the problem should be classified as a risk or not.
Risks can also be graded by using a conditional part of the RAID form. The score of each risk can range from 3–15, depending on factors such as the risks’ impact, probability, or proximity.
Once you create a new RAID report, it’ll land in the “RAID Intake” folder, which provides a tailored table view of potential risks. This table displays several custom fields and calculations, like the status of the problem, its cost to the business, risk score, and more.
As individual project managers submit new risks, this table view will help program or risk managers gain a more holistic view of risks across multiple tasks or projects.
Risk reports can also be easily shared with other teams to improve visibility across multiple projects.
Step 2: Assess reports
Risk managers can assess each report and decide whether or not to confirm it. If a report is accepted, it can then be sent to the RAID Log folder by changing its status to “In Progress.”
The RAID Log folder is divided into four subfolders:
- Risks
- Assumptions
- Issues
- Decisions
As they progress through the mitigation process, risk managers can move it through each RAG (red, amber, green) status, as well as assign milestones and due dates. Once sufficiently mitigated, the problem can be resolved and marked “Completed.”
Step 3: Track statuses
The business risk assessment template also includes a RAID Manager dashboard, which provides full 360-degree visibility of RAID reports at a glance.
This easy-to-use tool displays each report and its RAG status, and enables risk managers to click and drag them between separate RAID boards.
Explore Wrike’s versatile platform
As well as the tools included in the project risk analysis template, Wrike also offers other features that can help your teams avoid negative outcomes.
Optimize your resources and protect sensitive information with the help of:
Wrike’s software can be adjusted to suit your organization’s unique processes. Try our platform for yourself to see how you can customize your project management.
