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SayPro Risk Assessment Template: A template used to evaluate potential risks related to contract performance and propose mitigating actions. SayPro Monthly January SCMR-1 SayPro Monthly Contract Monitoring: Monitor contract performance and compliance by SayPro Tenders, Bidding, Quotations, and Proposals Office under SayPro Marketing Royalty SCMR
Risk Assessment Template
1. Contract Information
Contract ID:
Contract Title:
Client/Partner Name:
Contract Start Date:
Contract End Date:
Project Manager/Point of Contact:
Risk Manager/Team:
2. Risk Identification
Risk ID
Risk Description
Risk Category
Potential Impact
Likelihood (High/Medium/Low)
Impact Level (High/Medium/Low)
R1
[Description of the risk]
[Category e.g., Financial, Operational]
[Potential consequences]
[Likelihood level]
[Impact level]
R2
[Description of the risk]
[Category e.g., Legal, Compliance]
[Potential consequences]
[Likelihood level]
[Impact level]
R3
[Description of the risk]
[Category e.g., Market, Strategic]
[Potential consequences]
[Likelihood level]
[Impact level]
3. Risk Assessment and Evaluation
Risk ID
Cause of Risk
Risk Severity
Existing Controls
Effectiveness of Controls (Effective/Needs Improvement)
Risk Owner
Impact on Objectives
R1
[Root cause of the risk]
[Severity level]
[Current mitigation measures]
[Control effectiveness]
[Responsible individual/team]
[How this risk affects objectives]
R2
[Root cause of the risk]
[Severity level]
[Current mitigation measures]
[Control effectiveness]
[Responsible individual/team]
[How this risk affects objectives]
R3
[Root cause of the risk]
[Severity level]
[Current mitigation measures]
[Control effectiveness]
[Responsible individual/team]
[How this risk affects objectives]
4. Risk Mitigation Strategy
Risk ID
Proposed Mitigation Actions
Timeline for Action
Assigned to
Priority (High/Medium/Low)
Resources Needed
Status (Ongoing/Completed/Delayed)
R1
[Mitigation plan for the risk]
[Timeline]
[Assigned team/person]
[Priority level]
[Required resources]
[Status]
R2
[Mitigation plan for the risk]
[Timeline]
[Assigned team/person]
[Priority level]
[Required resources]
[Status]
R3
[Mitigation plan for the risk]
[Timeline]
[Assigned team/person]
[Priority level]
[Required resources]
[Status]
5. Risk Monitoring and Review
Risk ID
Monitoring Method
Review Date
Next Steps
Responsibility
Comments/Notes
R1
[How the risk will be tracked]
[Review date]
[Action plan if risk escalates]
[Responsible individual/team]
[Any additional notes]
R2
[How the risk will be tracked]
[Review date]
[Action plan if risk escalates]
[Responsible individual/team]
[Any additional notes]
R3
[How the risk will be tracked]
[Review date]
[Action plan if risk escalates]
[Responsible individual/team]
[Any additional notes]
6. Risk Rating Summary
Risk ID
Risk Category
Likelihood
Impact
Risk Score (Likelihood x Impact)
Risk Level (High/Medium/Low)
R1
[Category]
[Likelihood]
[Impact]
[Calculated risk score]
[Risk level]
R2
[Category]
[Likelihood]
[Impact]
[Calculated risk score]
[Risk level]
R3
[Category]
[Likelihood]
[Impact]
[Calculated risk score]
[Risk level]
7. Conclusion
Key Risks Identified: [Summary of the highest priority risks identified during the assessment.]
Mitigation Strategies in Place: [Overview of the primary mitigation measures being implemented.]
Further Action Needed: [Outline any additional actions required to address remaining risks.]
Notes for Implementation:
Risk Categories: Customize risk categories based on the nature of the contract (e.g., Financial, Legal, Operational, Compliance, Market).
Likelihood and Impact Scoring: You can use a numerical scale (e.g., 1–5) to quantify the likelihood and impact, where 1 represents low and 5 represents high.
Risk Rating: Calculate a risk score by multiplying likelihood by impact (e.g., Likelihood of 4 and Impact of 5 = Risk Score 20), which can help prioritize the risks.
Mitigation Action: Propose clear actions for each identified risk, outlining who is responsible and when actions are expected to be completed.
Monitoring: Set up regular review schedules to track the progress of mitigation actions and assess any changes in risk status.
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