Project plan - Risk assessment - Cost-Benefit Analysis

Project Risk Assessment Template

As Intuit, Inc. prepares to transition to cloud-based applications, the development team has foreseen potential issues and challenges that could negatively impact the project. Complete Parts 1 and 2 below to identify and assess at least 12 risks to the project.

Part 1: Risk Assessment Table

Use the table below to list 12 risks to the project, identify the risk level and likelihood of each, and provide mitigation strategies that would reduce the impact and likelihood of each event. There should be at least 5 high-level risks.

Note: Examples have been provided in the first 3 rows of the table. You may not use the provided examples.

Risk Level   

· Low (L): minimal impact to finance and time to completion  

· Medium (M): medium impact to finance and time to completion  

· High (H): high impact that may jeopardize the success of the project  

Likelihood of Event  

· Certainty: 90–100% chance of happening   

· Likely: 70–89% chance of happening   

· Somewhat likely: 40–69% chance of happening   

· Unlikely: 0–39% chance of happening  

Risk	Risk Level L/M/H	Likelihood of Event	Mitigation Strategy
Number of Interfaces to Existing Systems Affected	H:  Over 3	Certainty	Develop interface control document immediately
Narrow Knowledge Level of Users	M:  Knowledgeable of user area only	Likely	Assigned Project Manager(s) to assess global implications
Timeline Estimates Unrealistic	M:  Timeline assumes no derailment	Somewhat likely	Timeline reviewed monthly by three groups (Project Manager and Steering Committee) to prevent undetected timeline departures

Part 2: Risk Assessment Report

Provide a comprehensive description of each high-level risk, including a justification of your analysis and mitigation strategy.