How to Make a Risk Analysis [5+ Templates to Download]

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It is very important that one is able to identify the hazards that lurk within any establishment. That is the reason as to why there are people who take it upon themselves to conduct a risk analysis. This article will teach you all that you need to know in order to do one properly.

6 Steps for Creating a Risk Analysis

Step 1: Identify the Hazards

The first thing that you will need to do when conducting a risk analysis is to identify all of the different hazards within an establishment. It is best that you, and anyone else who has the qualifications to assist you, do a thorough search on all of the different areas and facilities to guarantee that you didn’t miss any potentially dangerous hazards.

Step 2: Take Note of Who or What Will be Affected

When conducting a risk analysis, you need to know exactly who or what will be affected by the dangers which surround the establishment. Knowing this will help you and others come up with safety measures that should protect everyone from these hazards.

Step 3: Prioritize the Different Hazards

Although all of them must be seen to whenever possible, it is best to know which of these hazards are the most dangerous. That way, you should be able to solve the ones that carry the biggest threats to the area and those within it. Be sure to go through the entire list of hazards and see which ones are the most and least dangerous.

Step 4: Set Up Control Measures

Once you are done with your risk assessment, the next is for you to come up with different control measures for each of them. These can come in the form of a series of instructions or safety equipment which can guarantee that people who encounter these hazards remain unharmed. Make sure to provide complete and accurate descriptions when pointing out what needs to be done to avoid and/or prevent these risks.

Step 5: Share the Results

The next step is vital as you will want to make sure that everyone is aware of the potential dangers within the establishment. It’s best for you to come up with a communication plan that will make it easier for you to share important information. Just make sure to figure out a convenient way for everyone to take notice of the hazards and you help them avoid unnecessary problems.

Step 6: Update the Results

After a given period of time, it is always best for you to do another risk analysis. There is always the possibility that new hazards could pop or old ones coming back without you expecting them. So it’s to your benefit and to everyone else’s that you routinely update them with the dangers within the establishment and the safety measures that will keep everyone safe.

5+ Risk Analysis Templates

1. Bow Tie Risk Analysis Template

bow tie risk analysis
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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4, US

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In the event that you need to analyze high-risk scenarios, then you will need a document that will show your results. With the help of this bow tie risk analysis template, you should be able to make the document that shows all the information that you have managed to find out.

2. Quantitative Risk Analysis Template

quantitative risk analysis
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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4, US

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It’s possible that there are so many different types of risks as well as there being many different factors that can lead to them causing harm. With the use of this template, you should be able to make a document where you can show off the results of your qualitative risk assessment.

3. Risk-Benefit Analysis Template

risk benefit analysis
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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4, US

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Before you do any action that reduces risk, you need to consider what benefits you can gain from it before you do so. Using this risk-benefit analysis template will help you point out all the different actions that you can take to prevent certain risks, as well as show which of them is the best option to take during different situations.

4. Business Risk Analysis Template

business risk analysis
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File Format
  • MS Word
  • Pages

Size: A4, US

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No matter what kind of business you are in charge of, you should know that risks will always be present no matter what. To make sure that you know what these risks are and how you can prevent and/or avoid them, then you’ll need to have a risk analysis conducted. This template will allow you to make a document where you can place and show off the results of the analysis.

5. Free Risk Analysis Template

free risk analysis template
Details
File Format
  • MS Word
  • Pages
  • PDF

Size: A4, US

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If you want to make a risk analysis document in the easiest and quickest way possible, then this template is definitely what you’ll need. You can use Google Docs, Microsoft Word, or even Apple Pages to open and make whatever changes you need to until it has the information you want to present.

6. Project Risk Analysis and Management Template

Details
File Format
  • PDF

Size: 85 KB

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When it comes to projects, there will always be risks that you will need to watch out for as well as manage. To make sure that the others involved in the project are aware as to how these risks should be handled, then you will want to use this template to make a document that will show them how.

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