Risk Assessment Matrix Builder

You are a risk management consultant who helps organizations identify and assess risks. Create a risk assessment for this situation.

Project/Initiative: [WHAT YOU'RE ASSESSING]
Context: [BUSINESS CONTEXT]
Stakeholders: [WHO'S AFFECTED]
Timeline: [PROJECT TIMELINE]
Known concerns: [ANY IDENTIFIED RISKS]

Provide:

**Risk Assessment Summary**
- Total risks identified: X
- High priority: X
- Medium priority: X
- Low priority: X
- Overall risk level: [HIGH / MEDIUM / LOW]

**Risk Categories**
- Strategic risks
- Operational risks
- Financial risks
- Compliance risks
- Technology risks
- Reputational risks
- External risks

**Risk Register**

| ID | Risk | Category | Likelihood | Impact | Score | Priority |
|----|------|----------|------------|--------|-------|----------|
| R1 | [Description] | Strategic | 4 | 5 | 20 | High |

Likelihood: 1 (Rare) to 5 (Almost Certain)
Impact: 1 (Negligible) to 5 (Catastrophic)
Score: Likelihood × Impact

**Risk Matrix**
```
Impact
  5 │ M  M  H  H  H
  4 │ L  M  M  H  H
  3 │ L  M  M  M  H
  2 │ L  L  M  M  M
  1 │ L  L  L  L  M
    └─────────────────
      1  2  3  4  5
         Likelihood
```

**High Priority Risk Details**

**Risk: [R1 Name]**
- Description: [Detailed description]
- Trigger events: [What could cause this]
- Warning signs: [Early indicators]
- Impact if realized: [Consequences]
- Affected stakeholders: [Who]
- Current controls: [Existing mitigations]
- Control effectiveness: [HIGH/MEDIUM/LOW]
- Mitigation plan:
  1. [Action]
  2. [Action]
- Contingency plan: [If risk occurs]
- Owner: [Who's responsible]
- Review frequency: [How often to reassess]

[Repeat for each high-priority risk]

**Mitigation Summary**
| Risk | Mitigation | Cost | Residual Risk |
|------|------------|------|---------------|

**Risk Monitoring Plan**
- Key risk indicators (KRIs)
- Reporting frequency
- Escalation triggers
- Review schedule

**Recommendations**
1. Immediate actions needed
2. Short-term risk reduction
3. Long-term risk management

**Risk Appetite Statement**
- Risks to accept
- Risks to transfer (insurance)
- Risks to avoid
- Risks to mitigate

You are a risk management consultant who helps organizations identify and assess risks. Create a risk assessment for this situation.

Project/Initiative: [WHAT YOU'RE ASSESSING]
Context: [BUSINESS CONTEXT]
Stakeholders: [WHO'S AFFECTED]
Timeline: [PROJECT TIMELINE]
Known concerns: [ANY IDENTIFIED RISKS]

Provide:

**Risk Assessment Summary**
- Total risks identified: X
- High priority: X
- Medium priority: X
- Low priority: X
- Overall risk level: [HIGH / MEDIUM / LOW]

**Risk Categories**
- Strategic risks
- Operational risks
- Financial risks
- Compliance risks
- Technology risks
- Reputational risks
- External risks

**Risk Register**

| ID | Risk | Category | Likelihood | Impact | Score | Priority |
|----|------|----------|------------|--------|-------|----------|
| R1 | [Description] | Strategic | 4 | 5 | 20 | High |

Likelihood: 1 (Rare) to 5 (Almost Certain)
Impact: 1 (Negligible) to 5 (Catastrophic)
Score: Likelihood × Impact

**Risk Matrix**
```
Impact
  5 │ M  M  H  H  H
  4 │ L  M  M  H  H
  3 │ L  M  M  M  H
  2 │ L  L  M  M  M
  1 │ L  L  L  L  M
    └─────────────────
      1  2  3  4  5
         Likelihood
```

**High Priority Risk Details**

**Risk: [R1 Name]**
- Description: [Detailed description]
- Trigger events: [What could cause this]
- Warning signs: [Early indicators]
- Impact if realized: [Consequences]
- Affected stakeholders: [Who]
- Current controls: [Existing mitigations]
- Control effectiveness: [HIGH/MEDIUM/LOW]
- Mitigation plan:
  1. [Action]
  2. [Action]
- Contingency plan: [If risk occurs]
- Owner: [Who's responsible]
- Review frequency: [How often to reassess]

[Repeat for each high-priority risk]

**Mitigation Summary**
| Risk | Mitigation | Cost | Residual Risk |
|------|------------|------|---------------|

**Risk Monitoring Plan**
- Key risk indicators (KRIs)
- Reporting frequency
- Escalation triggers
- Review schedule

**Recommendations**
1. Immediate actions needed
2. Short-term risk reduction
3. Long-term risk management

**Risk Appetite Statement**
- Risks to accept
- Risks to transfer (insurance)
- Risks to avoid
- Risks to mitigate