Embedded Files
Risk Assessment
Purpose
Systematically identify, assess, and plan mitigation strategies for legacy system risks.
How to Use
Step 1: Risk Identification
For each category (Technical, Operational, Business):
List all relevant risks
Document current state
Identify potential impacts
Step 2: Impact Assessment
Rate each risk's business impact:
Critical: Immediate threat to business operations
High: Significant impact on operations or customers
Medium: Moderate impact, manageable with attention
Low: Minor impact, can be addressed in normal course
Step 3: Mitigation Planning
For each risk:
Document current controls
Identify gaps
Plan additional measures
Assign ownership
Set timelines
Monitoring and Review
Review Monthly
Update risk status
Track mitigation progress
Adjust strategies as needed
Remember: These tools are illustrative and can be adapted and extended with different or additional factors. They are meant to support decision-making, not replace it. Use them as part of a broader modernization strategy that considers your organization's unique context and constraints.
If you need help with this tool or your Transformation Strategy please find us at cvm.adiagrawal.com
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