Root case analysis: Start with the problem in the center, and branch out to contributing factors and

sub-
factors.

SWOT Analysis: Create a 2x2 grid with strengths, Weaknesses, Opportunities, and threats, listing relevant
factors in each quadrant

Similarities: Both Root Cause Analysis and SWOT Analysis aim to systematically understand and address
complex situations. They involve breaking down a situation into components to gain insights.

Risk Assessment Template

*Risk Identification:* - List potential risks associated with the project/activity.

*Risk Analysis:* - Assess the likelihood and impact of each identified risk. - Use a scale (e.g., low,
medium, high).

*Risk Evaluation:* - Prioritize risks based on their severity. - Combine likelihood and impact to determine
overall risk level.

*Risk Mitigation:* - Propose strategies to reduce or eliminate each identified risk. - Assign responsibility
for each mitigation action.

*Monitoring and Review:* - Establish a plan for regular review and monitoring of identified risks. -
Define triggers for reassessment and adjustment of mitigation strategies.

*Documentation:* - Keep a comprehensive record of all identified risks, analyses, and mitigation
actions.

Risk Register Template

*Risk ID:* - Assign a unique identifier to each risk.

*Risk Description:* - Provide a clear and concise description of the risk.

*Likelihood:* - Rate the likelihood of the risk occurring on a scale (e.g., low, medium, high).

*Impact:* - Rate the potential impact of the risk on the project/activity.

*Risk Level:* - Calculate the overall risk level based on likelihood and impact.

*Mitigation Actions:* - Outline specific actions planned or taken to mitigate the risk.

*Responsible Party:* - Specify the person or team responsible for managing the risk.

*Status:* - Track the current status of the risk (open, in progress, closed).

*Monitoring and Review Dates:* - Schedule dates for regular review and monitoring of the risk.
Similarities: The Risk Assessment Template and Risk Register share several similarities in their purpose
and structure:

Documentation of Risks: Both templates involve documenting potential risks associated with a project or
activity.

Analysis of Likelihood and Impact: Both templates include an analysis of the likelihood and impact of
identified risks.

Prioritization of Risks: They prioritize risks based on their severity or a combination of likelihood and
impact.

Mitigation Strategies: Both templates involve proposing strategies to mitigate or manage identified risks.

Responsibility Assignment: They assign responsibility for each risk or mitigation action to specific
individuals or teams.

Monitoring and Review: Both templates include provisions for regular monitoring and review of
identified risks.

Status Tracking: They both track the status of each risk, indicating whether it's open, in progress, or
closed.

Integration in Risk Management Process: Both templates are integral parts of the broader risk
management process within a project.

Holistic Approach: They encourage a holistic approach to understanding, assessing, and managing risks.