Risk Assessment Matrix Template
A practical matrix for documenting risk scales, evidence, impact, prioritization, and residual assessment.
Published: 10/16/2026Updated: 10/16/2026By growGRC Editorial Team
Key Takeaways
- ✓Define rating scales before scoring.
- ✓Record evidence and uncertainty alongside each rating.
- ✓Treat scores as decision support, not an automatic decision.
Risk Assessment Matrix Template
Purpose and use
This worksheet helps a team apply agreed likelihood and impact criteria to a defined risk scenario. It makes prioritization assumptions visible; it does not make a risk decision automatically. Approve the scales and escalation thresholds before scoring and record the evidence behind each rating.
Define the scales first
| Score | Likelihood anchor (example only) | Impact anchor (example only) |
|---|---|---|
| 1 | Rare under stated assumptions | Limited, recoverable effect on objectives |
| 2 | Unlikely | Minor interruption or rework |
| 3 | Plausible | Material but manageable effect |
| 4 | Likely | Major effect requiring coordinated response |
Frequently asked questions
Can the score determine the response by itself?
No. The score supports a decision; authorized people apply context, uncertainty, and approved criteria.
Is 1 to 5 a required scale?
No. The sample is illustrative. Use the organization’s approved scales and definitions.
From strategy to evidence
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