Insights Checklists Project Risk Assessment Checklist
Checklists Project Manager

Identify Risks Before They Find You

A systematic 20-point risk assessment checklist that uncovers threats to your project’s success.

3 min 2026-01-28
Interactive Checklist
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1 Risk Identification

Review project scope for ambiguity or gaps
Identify external dependencies (vendors, partners, regulators)
Assess team capacity and skill gaps
Check for technology risks (new tools, integrations)
Review similar past projects for historical risks
Survey team members for concerns
Identify single points of failure

2 Risk Analysis

Rate each risk by probability (Low/Medium/High)
Rate each risk by impact (Low/Medium/High)
Calculate risk score (probability × impact)
Identify the top 5 risks by score
Determine risk owners for each top risk
Assess cascading effects (if Risk A triggers, what else fails?)

3 Mitigation Planning

Create mitigation plan for each top risk
Assign risk monitoring responsibilities
Set risk review cadence (weekly/biweekly)
Establish escalation criteria and paths
Document accepted risks with rationale
Create contingency plans for critical risks
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