Business
Risk Assessment Generator
Each run picks one risk from a pool of eight common business threats — supplier failure, key-person departure, security breach, budget overrun, regulatory change, demand miss, vendor shutdown, or scope creep — then assigns random likelihood and impact ratings (Low/Medium/High), multiplied on a 1–3 scale to produce a Minor, Moderate, or Critical band. The only input is a Reshuffle button. Project managers, founders, and operations leads use it to seed a risk register quickly. A generated entry maps directly to a register row — risk statement, scored likelihood and impact, rating out of 9, and mitigation. Generate several entries, adapt the wording to your project, assign owners, and add review dates.
How to use
- Choose your options above
- Click Generate
- Copy your result
Detailed instructions
- Click Generate to draw a risk entry.
- Read the likelihood, impact, and rating.
- Adapt the mitigation and assign an owner.
- Copy it into your risk register.
Use Cases
- •Building a risk register
- •Running a project pre-mortem
- •Preparing a board risk review
- •Teaching risk management
- •Brainstorming project threats
Tips
- →Prioritise critical risks first.
- →Assign an owner to each risk.
- →Add a review date and revisit often.
- →Generate several to seed a register.
FAQ
How is the risk rating calculated?
Likelihood and impact are each scored Low (1), Medium (2), or High (3), then multiplied. The product ranges from 1 to 9 and maps to three bands: Minor (1–2), Moderate (3–5), and Critical (6–9). This gives each entry a comparable priority so you know which risks demand action first.
Are the mitigations realistic?
Each risk comes with a practical, commonly recommended mitigation — like qualifying a second supplier or holding a contingency reserve. Treat it as a starting point and tailor the action and owner to your specific situation.
How many distinct risks does the tool cover?
The pool has eight risks covering common business and project threats: supplier failure, key-person loss, security breach, budget overrun, regulatory change, demand miss, vendor shutdown, and scope creep. Generate multiple entries to get a broader spread, then add project-specific risks the tool doesn't cover.
How do I build a full risk register from these entries?
Generate several entries to cover different risk categories, then collect them into a table with columns for risk, likelihood, impact, rating, owner, and mitigation. Assign a real owner and review date to each row so the register drives action, not just documentation.
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