Free Template
Risk Assessment Matrix Template
Pre-filled 5x5 risk matrix showing an ERP migration scenario. See how risks are mapped by probability and impact.
What is included
A complete risk assessment for an ERP migration project with six risks plotted on a color-coded 5x5 heatmap.
- Pre-filled with realistic project risks rated by probability and impact
- Color-coded heatmap (green/yellow/orange/red)
- Risk score calculation (probability x impact)
- Downloadable as PDF for project documentation
What the template looks like
Filled-in example with six risks plotted on the 5×5 heatmap. Risk score (probability × impact) determines cadence — critical weekly, high in seven days, medium in sprint review.
| Risk | P | I | Score |
|---|---|---|---|
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Budget escalation" } } | 3 | 5 | 15 |
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Timeline overrun" } } | 4 | 4 | 16 |
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Vendor lock-in" } } | 3 | 4 | 12 |
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Employee resistance" } } | 4 | 3 | 12 |
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Data loss" } } | 2 | 5 | 10 |
| { "t": 0, "b": { "t": 2, "i": [ { "t": 3 } ], "s": "Integration failures" } } | 3 | 3 | 9 |
Example: ERP migration project risk assessment
How to use this template
- 1
Review the example
See how six ERP migration risks are rated and plotted on the 5x5 heatmap.
- 2
Open the interactive tool
Click "Use interactively" to open the full risk matrix tool where you can add your own risks.
- 3
Rate your risks
For each risk, assign probability (1-5) and impact (1-5). The tool auto-calculates scores and plots them.
- 4
Export and share
Download the risk assessment as a branded PDF for project documentation or stakeholder meetings.
When to use a risk matrix
- At project kickoff to identify and prioritize risks
- Before major technology migrations or vendor changes
- During compliance audits and regulatory assessments
- In regular project reviews to track evolving risk profiles
Build your own risk matrix interactively
Our online risk matrix tool lets you add risks, rate probability and impact, drag them on the heatmap, and export a professional PDF.
Frequently Asked Questions
- What is a 5x5 risk matrix?
- Can I modify this template?
- Is this free?