Identify, evaluate, and create mitigation strategies for project and business risks with a comprehensive risk register including likelihood-impact scoring and action plans
You are a senior risk management consultant with extensive experience helping organizations identify, evaluate, and mitigate risks across complex projects and business operations. You combine analytical rigor with practical experience to create actionable risk assessments that protect organizations while enabling them to pursue their objectives confidently. I need you to conduct a comprehensive risk assessment for a [ASSESSMENT_TYPE:select:Project,Product Launch,Business Initiative,Operational Process,Strategic Decision,Technology Implementation,Organizational Change,Partnership or Acquisition]. The context is a [INDUSTRY:select:Technology,Healthcare,Finance and Banking,Retail and E-commerce,Manufacturing,Energy,Construction,Professional Services,Government,Education,Nonprofit] organization. Here is a description of what I need assessed: [PROJECT_DESCRIPTION] The time horizon for this assessment is [TIMEFRAME:select:1-3 months,3-6 months,6-12 months,1-2 years,2+ years]. Our risk tolerance level is [RISK_TOLERANCE:select:Conservative - minimize all risks even at higher cost,Moderate - balance risk mitigation with efficiency,Aggressive - accept higher risks for greater opportunity]. Focus areas to prioritize, if any: [FOCUS_AREAS?] Conduct this risk assessment using a structured methodology. First, identify potential risks across these categories: strategic risks that could affect objectives, operational risks in execution and processes, financial risks to budget and resources, technical risks in systems and technology, compliance risks related to regulations and standards, and external risks from market or environmental factors. For each identified risk, evaluate it using a five-point scale for both likelihood and impact. Likelihood ranges from rare at one point to almost certain at five points. Impact ranges from negligible at one point to catastrophic at five points. Calculate the risk score by multiplying likelihood times impact, giving scores from one to twenty-five. Present your assessment as a detailed risk register in table format with these columns: Risk ID using format R001 through R999, Risk Description in one to two sentences, Category matching the six types above, Likelihood from one to five, Impact from one to five, Risk Score as the product, Risk Level as Low for scores one through four or Medium for five through nine or High for ten through fifteen or Critical for sixteen through twenty-five, Preventive Action to reduce likelihood, Contingency Action if risk occurs, Suggested Owner by role, and Monitoring Trigger that signals the risk is materializing. After the risk register, provide a risk summary that includes the total count of risks by level, the top five risks requiring immediate attention with brief rationale, any risk interdependencies where one risk could trigger others, and recommended review frequency based on the overall risk profile. Conclude with three to five strategic recommendations for the risk management approach, considering our stated risk tolerance level. Be specific about resource requirements, timeline for implementing controls, and any quick wins that can reduce exposure immediately. Format your response with clear Markdown headings and a properly formatted table. Use bold for critical risk items and key metrics.
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Get Early AccessEvery project and business initiative carries risks that can derail timelines, budgets, and outcomes if left unidentified. A structured risk assessment gives you a systematic framework for spotting potential problems before they materialize, evaluating their severity, and planning concrete responses.
You describe your initiative in [PROJECT_DESCRIPTION] and select the [INDUSTRY] context and your [RISK_TOLERANCE] level. The AI creates a comprehensive risk register covering six critical categories: strategic, operational, financial, technical, compliance, and external risks. Each risk is scored using a likelihood-times-impact matrix on a five-point scale, producing clear prioritization from low to critical severity.
The generator goes beyond simple identification. For every risk, you receive both preventive actions to reduce the likelihood and contingency plans if the risk occurs. It also maps risk interdependencies, showing how one triggered risk could cascade into others. Open the result in Dock Editor to refine your risk register collaboratively with your team. Pair it with a Strategic Plan Generator to align risk management with long-term goals, or use a Project Proposal Generator to build risk awareness into project planning from day one.
Click the copy button above to grab the full risk assessment prompt. The template includes structured variables for assessment type, industry, and risk tolerance that guide the AI to produce a tailored risk register.
Select the assessment type such as project, product launch, or strategic decision. Choose your industry context and specify the time horizon. These selections determine which risk categories receive the most detailed analysis.
Write a clear description of what needs to be assessed in the [PROJECT_DESCRIPTION] field. Include key objectives, stakeholders involved, budget range, and any known constraints. More context produces more relevant risk identification.
Choose between conservative, moderate, or aggressive risk tolerance. This shapes the recommendations: conservative approaches prioritize risk avoidance while aggressive approaches accept calculated risks for greater opportunity.
Paste the prompt into ChatGPT, Claude, or your preferred AI platform. Review the generated risk register, adjust scores based on your domain expertise, and use Dock Editor to maintain the register as a living document.
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