Risk and Opportunity Dashboard

File Overview:

1. Dashboard: The Dashboard sheet provides a visual representation of the key metrics and summaries related to risks and opportunities. This visual overview allows for quick insights into the current risk landscape and potential opportunities, enabling faster decision-making.
2. Risk & Opportunity Register: This is the core of the file, where all identified risks and opportunities are documented. Each entry in the register includes details such as the risk/opportunity description, potential impact, likelihood, and mitigation or enhancement strategies. This structured approach ensures that all risks and opportunities are systematically recorded, assessed, and managed.
3. Risk Rating: The Risk Rating sheet outlines the criteria and methodology used to assess the severity and likelihood of each risk. This standardized rating system helps in prioritizing risks and focusing attention on those that are most critical to the project’s success.
4. Calculation Sheet: The Calculation Sheet provides the underlying calculations that support the risk ratings and other metrics displayed in the Dashboard and Register. This transparency in calculation ensures that stakeholders can understand and trust the data presented.

Benefits and use case

• Improved Decision-Making: By providing a clear, visual representation of risks and opportunities, this file helps decision-makers quickly understand the risk landscape and make informed decisions.
• Systematic Risk Management: The structured Risk & Opportunity Register ensures that all potential risks and opportunities are captured, assessed, and managed in a systematic way, reducing the likelihood of surprises and enhancing project outcomes.
• Prioritization of Risks: With the Risk Rating sheet, users can prioritize risks based on their potential impact and likelihood, ensuring that resources are allocated to the most critical areas.
• Transparency and Accountability: The Calculation Sheet and detailed registers ensure transparency in how risks and opportunities are assessed and managed, fostering accountability within the team.