Risk Assessment Survey Template - Sample

The goal of Enterprise Risk Management is to identify, evaluate and manage key risks impacting an organization’s ability to achieve it’s objectives and strategies. This document provides a template to inventory and assess critical risk areas (business functions) and the associated risks embedded within each area.

When using this template, for each area, please rate:

* Current process control effectiveness on a High / Medium / Low scale
* Past performance history on a Good / Fair / Poor scale
* Personnel adequacy on a Good / Fair / Poor scale

Then, please rank the top ten functions/risk areas, based on the threat of embedded risks on achieving the company's objectives and strategies for the upcoming year. Consider the following when ranking the top ten risk areas:

* The current process control effectiveness and adequacy of personnel (competence and sufficient resources)
* The likelihood of the embedded risks occurring in the next 12 months, considering your current mitigating actions (controls, processes, and personnel)
* The financial/operational significance of the embedded risks occurring in the next 12 months, given your current mitigating actions