Risk Assessment Example & Template - Emerging from COVID-19 (Excel XLSX)

Risk Assessment Actual Example and Template (updated 2022 to include Emerging from Covid-19 risks)

Developing effective and proportionate Risk Assessments are essential to any business or organisation and this has become a core skill for running a business. Indeed, since Covid-19, the spotlight on effective management of risk has been never brighter. As businesses emerge from Covid-19 and explore new ways of working, effective and flexible risk management is critically important to supporting the business, while dealing with element of continued uncertainty. This template is designed to support you in developing a very easy-to-follow and very effective risk assessment for your business or a business you are working with. This is a high quality, simple, systematic and professional means of managing risk. Critically, it is also proportionate ? ensuring the user doesn't fall into the trap of creating work and bureaucracy.

The template also includes an actual, good practice business risk assessment example that will prompt your thinking around business risks that might be relevant to your business, how to assess them and different ways to resolve (or mitigate) the risk. The example includes common business risks and risks associated with Covid-19 – in 2022 – including those associated with businesses emerging from the pandemic and to a new normal. It shows examples of how all risks are identified, assessed, mitigated and are being actively managed. This also includes typical risks on how a business is emerging from Covid-19 and moving towards new ways of working including more ?hybrid' approaches while managing the risks of what this means for customers, its people, suppliers, and partners.

The template can be followed and completed and can form the foundation of your approach to risk management. This can act as a stand-alone document, as the basis for a risk register or be part of any other documentation relevant to your business such as business plans, reports, among others. Overall, the risk assessment tool will guide you through step-by-step instructions to identify, assess, and manage the risks of a business and present them in one place. This includes the automatic updating of the overall risk rating.