Have You Identified All The Risks To Your Strategy?
Use Our BSC Risk Identification and Assessment Template To Make Sure You Have
Like any complex project, a Balanced Scorecard Strategy Management Project (BSC) will face many risks. That's why one of the key activities of the BSC team is to identify each risk. Once identified, each risk:
- Needs to be evaluated
- Needs to be mapped to the strategic objective/theme it applies to
- Must have a manager identified and assigned to manage the risk
Strategic Risk Management
Our Balanced Scorecard Risk Identification and Assessment Template provides a quantitative mechanism to identify risks and classify them into either:
- Low
- Medium
- High
risks. BSC program risk assessments should be performed as part of your risk mitigation planning activities and you should also identify and record risk mitigation recommendations on the risk identification template.
Simple Risk Matrix
The strategic risk assessment template allows you to use proven risk identification strategies to identify risks and classify them using a coherent risk ratings classification system. The output of the exercise is the risk matrix chart, where you will have possible risks impacts identified and classified as possible low risk, medium risk, or high risk. This chart is also where you will map out your complete risk mitigation strategy as well as plan out risk review and results cycles.
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