diverge · Strategy · 45–90 min · 3-15 people · medium energy
Risk Assessment
Risk assessment systematically identifies potential negative impacts, evaluates their likelihood and severity, and develops strategies to mitigate or prevent them.
When to use Risk Assessment
Use this method when you need to proactively identify and manage potential risks associated with a project or program.
What it solves
Unforeseen problems derailing projects; lack of preparedness for potential challenges.
How to run Risk Assessment, step by step
- Identify potential negative impacts or risks (15 min).
- Assess the likelihood and severity of each risk (15 min).
- Develop mitigation strategies for high-priority risks (30 min).
- Assign responsibility for monitoring and managing risks (15 min).
Materials needed
- Risk assessment template or matrix
- Whiteboard or flip chart
- Markers or pens
Facilitator tips
- Involve diverse stakeholders in the risk assessment process.
- Regularly review and update the risk assessment as the project evolves.
Common pitfalls
- Underestimating the likelihood or severity of certain risks.
- Failing to implement mitigation strategies effectively.
Variations
- Use a SWOT analysis to identify internal and external risks.
- Conduct a scenario planning exercise to explore potential future risks.
Running it online or hybrid
Use a shared spreadsheet or online risk register to document and track potential risks.
What it produces
A risk register or matrix, outlining potential risks, their likelihood and severity, and mitigation strategies.
Origin
Adapted from BetterEvaluation.org — source
Build a session around Risk Assessment
METODIC places Risk Assessment inside a complete, timed session plan — agenda, worksheets, facilitator guide and slides — matched to your group and goal.