76-Risk Classification Excel Model Free Download
![76-Risk Classification Excel Model Free Download]()
The model helps to provide the risk assessment result in scores, it assigns a numerical value or scores for each factor being assessed.
The resulting risk score can help decision-makers prioritize and allocate resources based on the level of risk associated with different options or scenarios. It provides a standardized way of comparing and evaluating risks, allowing for more informed decision-making.
By processing the risks together with the impact and probability, within a matrix, the result will provide a score and traffic light color.
The model includes 5 risk classifications.
1-Very low
2-Low
3-Moderate
4-High
5-Very high
