Risk of Not Proceeding with Project (Status Quo)
Project Risk Assessment
Status Quo
Probability
Impact
Risk 1 – a description of risk 1
High
Medium
Risk 1 General Mitigation Strategy
Specific Strategy
…
Risk 2 – a description of risk 2
Low
Medium
Risk 2 General Mitigation Strategy
Specific Strategy
…
Checklist for Project Risk Assessment
1. Have all general project risks been identified?
2. Have all risks specific to each alternative been identified?
3. For each risk has the specifics of each alternative been taken into consideration when evaluating the
probability and impact?
4. Has a risk mitigation strategy been identified for unacceptable levels of risk?
5. Have the risks related to Status Quo been identified?
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BUSINESS CASE – [PROJECT NAME]
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