Qualitative Risk Assessment Form
Use this form to evaluate and document risks using qualitative criteria. Please provide accurate and thoughtful assessments for each item.
Risk Title
*
Brief Risk Description
*
Risk Category
*
Please Select
Operational
Strategic
Compliance
Financial
Reputational
Other
Likelihood of Occurrence
*
Very Unlikely
1
2
3
4
Very Likely
5
1 is Very Unlikely, 5 is Very Likely
Impact if Risk Occurs
*
Negligible
1
2
3
4
Severe
5
1 is Negligible, 5 is Severe
Detectability (How easily can this risk be detected before it occurs?)
*
Easily Detected
1
2
3
4
Hard to Detect
5
1 is Easily Detected, 5 is Hard to Detect
Current Controls in Place
*
Overall Risk Level
*
Low
Medium
High
Recommended Mitigation Actions
Additional Comments or Notes
Submit Assessment
Should be Empty: