Managing risk effectively starts with the right structure. A clear, consistent risk assessment process is essential whether you’re in compliance, project oversight, or day-to-day operations. With a well-designed risk management template, your team can identify, evaluate, and respond to risks efficiently—without missing a step.
This fully customizable, no-code template—built using Baserow—helps teams standardize documentation, assign responsibilities, and maintain compliance with ease. It’s designed for professionals who need both adaptability and control, without the hassle of complicated software or static spreadsheets.
Risk management is the process of identifying, analyzing, and responding to potential events that could negatively impact your business, project, or team. These risks might range from operational delays and financial loss to safety incidents or compliance breaches.
Implementing a structured risk management process ensures you’re not reacting to problems after they occur—but proactively preventing them. It helps organizations allocate resources wisely, protect assets, and make informed decisions. In today’s fast-moving environments, risk management isn’t optional—it’s essential for resilience, compliance, and long-term success.
A well-structured risk assessment template is not just a time-saving tool — it’s the backbone of compliance, safety, and operational efficiency. Risk identification is a non-negotiable in industries like construction, healthcare, finance, and IT. Yet, many teams still struggle to document risks consistently.
By using a predefined template:
Using Baserow’s template, teams can plug in relevant data and immediately visualize potential threats, without jumping across spreadsheets or manually updating formats.
👉 Explore the Risk Management Template and start building a more resilient, organized approach to managing risks today.
So, what exactly should a good risk assessment include? According to most frameworks — and reflected in this downloadable template — here are the essentials:
1. Hazard Identification
Start by identifying potential sources of harm. These could be environmental hazards, operational flaws, or even software vulnerabilities.
2. Risk Evaluation (Likelihood vs. Severity)
Evaluate how likely the risk is to occur and how severe the outcome would be. This section often uses a color-coded matrix to visually rank each risk from low to high.
3. Control Measures
Document the current and proposed measures to minimize each identified risk. Controls can be procedural (like safety training) or technical (like automated alerts).
4. Responsibilities and Review Dates
Accountability is key. Your template should clearly assign owners to each risk and set review timelines to ensure controls remain effective.
5. Action Plan
Every identified risk needs a response strategy. What needs to happen? When? Who’s responsible? This part of the template keeps follow-up actions visible and trackable.
These five elements align with what many ask: “What are the 5 things a risk assessment should include?” — giving you peace of mind that your documentation is thorough.
Even if you’re new to risk management, this template makes the process simple and intuitive. Here’s a quick walkthrough:
The power of this risk assessment template lies in its flexibility. Built inside Baserow’s no-code platform, it allows teams to tweak the structure according to specific needs — whether you’re handling data privacy risks, manufacturing compliance, or general operations.
For example, if you need to manage IT assets alongside risk evaluations, simply add a linked table and turn your template into a lightweight asset management template. No technical skills required.
Want to assign roles, add real-time collaboration, or generate dashboards? Baserow’s relational database capabilities allow it all — minus the spreadsheet fatigue.
The beauty of this risk assessment template is its versatility. It’s not confined to a specific industry or department. Whether you’re a compliance officer, safety manager, or team lead, this tool helps you build a centralized, actionable risk register.
Here’s who can benefit:
Each user can customize views, filters, and fields according to their risk profile. From boardroom reports to team-level task tracking, the template is flexible enough to meet both strategic and tactical needs.
Alongside the “5 C’s” of risk assessment, many organizations also apply the 5 R’s framework to ensure their risk process is cyclical and proactive:
Baserow’s template supports each of these steps by providing space to track metrics, assign responsibilities, and flag recurring issues. Whether you’re working under ISO 31000, COSO, or another framework, the structure holds up to international standards.
To dive deeper into how companies apply these methods, watch our Governance Risk Compliance Webinar.
Using a downloadable template is just the first step. Baserow empowers teams to turn static templates into dynamic workflows. From instant collaboration to no-code automation, it’s the ideal tool to evolve your risk management process.
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