SayPro Risk Assessment Template

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:

1. Risk Categories: Customize risk categories based on the nature of the contract (e.g., Financial, Legal, Operational, Compliance, Market).
2. 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.
3. 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.
4. Mitigation Action: Propose clear actions for each identified risk, outlining who is responsible and when actions are expected to be completed.
5. Monitoring: Set up regular review schedules to track the progress of mitigation actions and assess any changes in risk status.