50+ Sample Risk Assessment Questionnaires

What Is a Risk Assessment Questionnaire?

Risk assessment refers to the systematic process of recognizing and evaluating potential risks in your business. And these risks, hazards, or threats could breach business continuity if left unmanaged. So to assess every risk, you need a comprehensive tool that lists a series of questions to identify or evaluate risks until they are managed—a risk assessment questionnaire. And risk assessment questionnaires play a great role in many global organizations not only for compliance but also to ensure businesses stay afloat.

According to a 2020 survey, 39% of business and risk consultants agreed that cyber incidents such as data breaches, cybercrimes, or IT failures were the top global threats of businesses.

The Three Types of Risks

Risks could end in harmful or unexpected results. But sometimes, people don’t know what solution to give for every risk, especially when they can’t identify the risk itself. Recognize your risks appropriately by determining the type of risk. And the three major types of risks are:

Business Risk: Business risks refer to risks held by business organizations themselves, particularly when they plan on increasing profits and value. A common example is when a company plans to market new releases of products while risking their relationship with competitors, high costs, and more.Non-Business Risk: When business firms aren’t in control of the risk, then such a risk is called a non-business risk. You often see non-business risks from economic imbalance, political advertisements, etc.Financial Risk: A financial risk would be related to financial losses among firms. Generally, these risks are instability factors or financial market losses like the stock price movement, interest, currency, and many more.

How to Make a Risk Assessment Questionnaire

A risk assessment questionnaire isn’t as simple as writing down random questions to a document. It is a thoughtful process too where relevant questions are listed and are structured wisely. And to create your own risk assessment questionnaire, be sure to follow these steps:

Step 1: Conduct a Risk Analysis

Doing a risk analysis is an essential component to conduct before creating the questionnaire. The analysis helps you identify the common risks that apply in your organization, understand how every risk plays out, or guess what the harmful outcomes may be. And as you analyze deeper, you can eventually figure out what essential and relevant questions should be listed in the risk assessment questionnaire.

Step 2: Identify Relevant Questions

A questionnaire basically consists of a series of questions that must be answered during an assessment. But, focus on asking the most important and relevant questions only. From your analysis earlier, you will eventually understand your purpose and goals for the assessment. You could tackle questions related to employee health, internal audit, project progress, or even tax evasion. Hence, stick to queries that can help evaluate your business.

Step 3: Label Your Questionnaire

Besides the itemized list of questions, be sure to insert the other important labels in your questionnaire. You should input ‘Risk Assessment Questionnaire’ for the title. Also, categorize your questions and set the proper metrics for answering questions. You may need to give extra space for remarks and comments if more content is necessary.

Step 4: Conduct an Easy-to-Follow Device

When you are done categorizing, labeling, and organizing your questionnaire, focus on making it as easy-to-use as possible. The last thing you need is a hard-to-follow questionnaire that will ultimately let you experience Herculean effort, time-consuming evaluations, and poor results. Make it easy by adding clear instructions and setting a comprehensive format. And the list of sample risk assessment questionnaires above can guide you there. Check them out!

FAQs

What are the levels of risk?

There are five different risk levels—mild risk, moderate risk, elevated risk, severe risk, and extreme risk.

What are the two kinds of risk assessment?

The two kinds of risk assessment are quantitative risk assessment and qualitative risk assessment.

What are the steps to conduct an effective risk assessment?

There are basically five steps to conduct a risk assessment effectively. And they are:

  • Risk identification
  • Risk classification
  • Risk evaluation
  • Risk management
  • Assessment review

It is standard that no business wants harmful effects in their environment. However, failing to conduct risk assessment could very well invite such risks and lead to the most drastic results. The key is to document each risk quickly by evaluating with a risk assessment questionnaire. Start using a sample risk assessment questionnaire now!