Play the best odds every time with a risk matrix template

Understand the relative probability and impact of potential risks at a glance to craft smarter roadmaps and sharper executive summaries. With FigJam’s risk matrix template, you don’t have to gamble—you can stack the deck in your favor.

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Risk management matrix template

Ensure that everyone on the team understands what they’re getting into during the risk assessment process. Easily brainstorm and refine ideas from anywhere in the world.

Run it by the experts

Visualize risks and prep for potential impact when you put your heads together on a sample risk matrix.

Strategize: Recognize potential risk early and prepare a response plan by allocating resources ahead of time.

Prioritize: Sort tasks by severity and probability to help with risk control, then approach them accordingly.

Synergize: By brainstorming on a risk matrix, reduce the impact of risk (or eliminate it altogether).

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All business. No risk.

On a collaborative, open template, it’s easy to go deeper with your risk assessment practices. Involve your entire organization from top to bottom to gain insight into everything at stake. With interactive widgets like Lil Notes and emotes, you can collect live feedback from your team members as you work.

Risk it for the biscuit

Baking is an exact science—so is planning a project. Make sure all your steps are executed perfectly with FigJam templates. Get help outlining potential risks of any situation to better prepare your team for all potential outcomes.


A risk matrix is a planning tool used to assess the level of risk and likelihood of occurrence of any given action. It is most often utilized by development and project management teams but has a wide variety of applicable uses and can help outline the risk associated with any situation or decision.

Figuring out how to calculate risk probability and impact matrix details can be tricky, but FigJam makes it simple. Begin by opening up our free example of risk matrix and then follow this general order of operations:

1. Begin your risk evaluation by determining which decisions you’ll be assessing. To complete this step, you may need to involve a handful of departments and undertake a good deal of information gathering and brainstorming.

2. Plot each identified risk according to its impact (very minor, minor, moderate, major, and critical/high) and the probability of occurrence (rare, unlikely, moderate, likely, and certain).

3. Observe your data, and prioritize accordingly based on risk likelihood.

You can use your filled-in risk matrix sample to determine which risks comprise acceptable and unacceptable combinations of severity and likelihood. Then, you can start prepping to avoid any negative consequences for certain decisions. Share your findings across your organization, source feedback from stakeholders, and begin to lay the groundwork for any potential consequence or outcome.

With a risk assessment matrix template in your back pocket, you can reduce wasted time, increase productivity, and strategize with your whole organization—no risk, all reward.

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