Risk Identification & Prioritization Project Template

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Effective risk management is essential in compliance roles. This template guides you through visualizing and prioritizing potential risks using the Eisenhower method in Priority Matrix. From identifying potential risks to developing mitigation strategies, this project template ensures your organization can manage risks based on their urgency and impact.

Utilize this template to systematically address risks, implement mitigation strategies, and keep your risk management plan up-to-date.

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Risk Identification & Prioritization Project for Priority Matrix

Risk Identification & Prioritization Project in Priority Matrix

Identify and prioritize potential risks in your organization using the Eisenhower method.

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Proposed Tasks

High Impact, Urgent

  • Identify Potential Risks due in 1 week
    ☐ Research potential risks ☐ Consult with team members ☐ Analyze past incidents
  • Develop Risk Mitigation Strategies due in 3 weeks
    ☐ Develop strategies to mitigate high impact risks ☐ Develop strategies to mitigate low impact risks ☐ Consult with team members
  • Prioritize Risks using Eisenhower Method due in 4 weeks
    ☐ Use Eisenhower matrix to prioritize risks ☐ Consult with team members
  • Train Staff on Risk Management Plan due in 7 weeks
    ☐ Create training materials ☐ Conduct training sessions ☐ Answer staff questions

High Impact, Not Urgent

  • Analyze Impact and Likelihood of Risks due in 2 weeks
    ☐ Use risk matrix to evaluate risks ☐ Consult with team members ☐ Consult with outside experts if necessary
  • Review and Update Risk Management Plan due in 6 weeks
    ☐ Review effectiveness of risk management plan ☐ Update plan as necessary ☐ Consult with team members

Low Impact, Urgent

  • Implement Risk Mitigation Strategies due in 5 weeks
    ☐ Implement strategies for high impact risks ☐ Implement strategies for low impact risks ☐ Monitor effectiveness of strategies

Low Impact, Not Urgent

  • Monitor for New Risks due in 8 weeks
    ☐ Monitor industry news ☐ Monitor internal reports ☐ Update risk management plan as necessary