Risk Assessment Template
Using a risk assessment template helps teams identify potential issues early, evaluate their likelihood and impact, and implement strategies to mitigate them. Proactive risk management reduces surprises and keeps projects on track.
Template
Track risks in a structured table:
| Risk | Likelihood | Impact | Mitigation |
|---|---|---|---|
| Injury during build | Medium | High | Safety training, proper PPE, mentor supervision |
| Mentor unavailable | Medium | Medium | Cross-training multiple mentors, detailed documentation |
| Budget shortfall | Low | High | Reserve fund, diversified revenue streams, fundraising plan |
| [Add team-specific] |
Consider risks across categories such as:
- Safety – injuries, accidents, unsafe practices
- Financial – budget overruns, lost sponsorships
- Personnel – mentor or student availability, conflicts
- Legal/compliance – liability, insurance, rules violations
- Operational – tool/equipment failure, shipping delays, competition logistics
Regularly updating the risk assessment and reviewing it with the team ensures timely mitigation and a safer, more resilient season.