Risk Assessment Template

• Hazard identification: A section to list and describe potential hazards in the workplace or project.
• Likelihood and impact assessment: An area to evaluate the likelihood and impact of each hazard, using a numerical or qualitative rating system.
• Risk level determination: A calculation to determine the overall level of risk for each hazard, based on the likelihood and impact assessment.
• Risk summary: A summary of all risks, ranked by level of risk.
• Mitigation plan: A section to list actions and strategies for mitigating or controlling each risk.
• Tracking and monitoring: A way to track the status of risk mitigation efforts and monitor changes in risk level over time.
• Customization: The ability to add or remove columns, adjust formulas, and change the layout to fit the specific needs of your business or organization.
• Risk Visualisation: Automated conditional formatting allowing for visualisation of where the risks may be.

The software requirements for the Risk Assessment Excel Template would typically include:

1. Microsoft Excel: The template is designed to be used in Microsoft Excel 2007 or later versions.

2. Microsoft Office: The template may require Microsoft Office to be installed on the computer to use all its features.

3. Microsoft Windows: The template is compatible with Windows 7 or later versions.

Note: These requirements are a general guideline and may vary depending on the specific Template you are using.

Step-by-Step Instructions for Conducting a Risk Assessment:

• Identify Potential Hazards: Begin by making a list of all potential hazards in your workplace or project. Consider physical, chemical, biological, and ergonomic hazards, as well as equipment, process, and activity-related risks.
• Assess Likelihood and Impact: Using a numerical or qualitative rating system, assess the likelihood and impact of each hazard. Consider the potential harm’s frequency and severity.
• Determine Risk Level: Using the information from step 2, calculate the overall risk level for each hazard. This can be done with a formula or a matrix that considers both likelihood and impact.
• Prioritize Risks: Sort all risks by risk level, with the most dangerous items at the top of the list. This will assist you in prioritising mitigation efforts.
• Create a Mitigation Plan: List specific actions and strategies to mitigate or control the risk for each high-risk item. Think about combining elimination, substitution, engineering controls, administrative controls, and personal protective equipment.
• Implement Mitigation Plan: Put the mitigation plan into action, ensuring that all necessary steps to control risk are taken. This could include purchasing new equipment, altering processes, providing training, or taking other steps.
• Monitor and Review: Regularly monitor and review the risk assessment, updating it as needed to reflect changes in the workplace or project. This will assist in ensuring that risks are identified and managed on an ongoing basis.

Remember that a risk assessment is a continuous process that necessitates regular attention and review to ensure the safety and well-being of employees, customers, and others. You can complete a thorough and effective risk assessment by following this guide.