Risk Impact Assessment Calculator
Calculate risk exposure and expected monetary value for project risk management
About this calculator
The Risk Impact Assessment Calculator helps project managers and businesses quantify potential risks by calculating risk exposure and expected monetary value (EMV). This tool enables data-driven decision making by converting subjective risk assessments into concrete financial figures. By evaluating probability and impact of various risk scenarios, organizations can prioritize risk mitigation efforts, allocate resources effectively, and develop comprehensive contingency plans to protect project success and business continuity.
How to use
Enter the probability of each risk occurring as a percentage and the potential financial impact if the risk materializes. The calculator will compute the expected monetary value by multiplying probability by impact. Add multiple risks to calculate total exposure and compare scenarios to prioritize your risk management efforts.
Frequently asked questions
What is Expected Monetary Value (EMV)?
EMV is calculated by multiplying risk probability by its potential financial impact, helping quantify risk in monetary terms for better decision-making.
How do I determine risk probability?
Use historical data, expert judgment, industry benchmarks, or statistical analysis to estimate the likelihood of each risk event occurring.
Should I include positive risks (opportunities)?
Yes, positive risks can be included with negative impact values to show potential gains and provide a complete risk picture.