Most Popular Assessment Methods for Risk in Project Management & Change Management


Change Management Risks and Everything You Need to Know for Resolving Project & Change Risk

Risk assessment in project management involves looking at several data points in a project and the change management in project management to identify areas that may indicate failure to meet goals and objectives.

There are two key project risk assessment segments that need to be reviewed to give you a holistic picture.

These two segments are:

  1. Project Management Readiness
  2. Change Management Readiness

For a project risk analysis and management to be effective, you need to look at both the project risk, as well as the change risk because it takes both the project management (technical deployment of the project solution) and the change management (user adoption of the project solution) being successful for the project to be successful.

change risk assessment template

Guide to Project and Change Management Risk Assessment

This guide provides you with a complete step-by-step overview of the most common types of project and change management risks that will impact your project. It also outlines how you can perform the best change risk assessment to mitigate these risks.

Don’t miss the innovative project risk matrix and template for risk identification in project management by AGS. We’ll highlight this project assessment toolkit and how it helps to mitigate project risks.


Table of Contents

Keep on scrolling down this page to read each section or click any link below to go directly to that section.


What Is a Project Change Management Risk Assessment?

A project change management risk assessment and mitigation is the process involved in analyzing, identifying, understanding, managing, and reporting on the risks that a change management program, business initiative, or project will face throughout the lifecycle of the change implementation.

This should be done alongside a project management risk management assessment that looks at project deployment because the two go hand-in-hand when it comes to project success.

As a Senior Change Management Lead, I have delivered large-scale change programs that impacted thousands of employees and stakeholders across Citigroup, Intel, HSBC, the Federal Reserve Bank, Apple, Cisco, and other firms.

Throughout my tenure as a Change Manager, I have identified key project risk and change management risks that can derail business initiatives and change programs across any organization – if they are not effectively resolved or mitigated. 

– Ogbe Airiodion (Sr. Change Management Lead)

Every project is unique. As such, it is important to conduct project risk identification that involves looking at both project risk and change management risk using a chart, matrix, or template. A project and change risk assessment template will allow you to quickly plot and identify problems that can derail your project change management deployment.

Once you use the risk analysis change management process in project management to identify problem areas, you can then develop plans to minimize these risks and keep them from becoming a reality.

Project, change, and transition risk assessment involves using a project and change management risk assessment template or change management risk matrix to conduct a set of assessments to identify whether a project has a Low, Mid, High, or Very High risk.


Project & Change Management Risk Assessment Example from AGS 360°

Project Risk Assessment Toolkit

risk identification in project management

AGS’ project management risk & success assessment tool provides you with detailed risk identification in project management so you can pinpoint missing deliverables putting your project at risk. This is an alternative to the Prosci risk assessment and change risk assessment ServiceNow promotes.


Contact us if you have any general questions about change management, or if you have any feedback about the project risk matrix and change risk assessment template referenced above and, in the sections, below.



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Do you have any feedback or questions about this change management risk mitigation and guide article? If so, contact us. We’ll be happy to help.


Project & Change Risk Definition

What are project risks and change management risks? A project and change risk is the probability that a project or program will not reach its stated objectives and goals. There is a wide range of factors that will increase the risk for a project, and so it is important to conduct an effective organisational change risk assessment (UK spelling) or organizational change risk assessment (US spelling) to understand, document, and reduce these risks.

According to a study by Gartner, 50% of change management projects are a clear failure, and only 34% are a clear success. The remainder has mixed results. This illustrates how not properly identifying and addressing project and change risks is a major problem that keeps many organizational initiatives from achieving the desired results.

In addition to this change and project management risk definition section, the sections below provide a detailed overview of project management risk management and change management risk mitigation.


Don’t Miss: Assessing Risk in Project Management | Stakeholder Assessment Risk | Resistance to Change Risk Assessment & Management

risk management in project management

The change management process in project management impacts project risk. Learn more about the AGS project and change management risk assessment template, a substitute for the Prosci risk assessment and ServiceNow change risk assessment.  


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Do you have any feedback or questions about this risk and change management guide, or on organisational change risk assessment in general? If so, contact us. We’ll be happy to hear from you.


What Are Common Risks Faced During Project Risk Assessment & Mitigation?

When doing a transition risk assessment for a project initiative, you need to look at your project holistically. This means looking at project management risk and change management risk.

What do we mean by that?

Both the project management team and change management team need to complete various deliverables to successfully complete the project as a whole. The project management team will need to deliver a project plan, timeline, meeting schedule, and more. The change management team will need to deliver a change management plan, communications plan, resistance management, and more.

Change management in project management is vital to ensuring that the project meets its objective. Risk assessment in project management should be done with an understanding that change management risks create project risks, and risks in project management create change risks. They both are intertwined.

A good way to look at project risks and change management is to look at the deliverables that each team (project management & change management) should deliver. Are these being provided? Are both teams working together? Is something falling behind?

Here are some of the common risks found during project risk identification.

Common Risks in Project Management Risk Management:

  • Not having a project charter to govern the project
  • Lack of adequate project management tools/apps
  • Leaving the change manager out of the project management meetings
  • Not confirming a new solution has been tested thoroughly before it is released
  • Leaving the project and moving on when it goes live, rather than providing technical support in the weeks following “Go-Live”

Common Risks in Change Management Risk Analysis:

Several negative impacts can come from the items above if not addressed in a project risk analysis and management activity. Other common project and change management risk assessment example scenarios that can impact your project include:

  1. High levels of resistance
  2. Lack of awareness or desire to support the change
  3. Lack of stakeholder commitment
  4. Lack of mid-level and group leadership support
  5. Budgeting risk for the entire project
  6. Inadequate number of project managers, SMEs, and supporting talents
  7. Employees are already overburdened with too much change
  8. Lack of a structured governance
  9. Discord between the change management team and the project team
  10. Ambiguity about project milestones
  11. Uncertainty
  12. Change management resources are not given a place at the table: in order words, project sponsors and program leads are not placing much value on change management deliverables. This then leads to reduced change management support which subsequently hurts change adoption and enablement.
  13. and many more…


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Do you have an example of risk management and change management failures or risks that other change management practitioners can leverage? If so, send us a message. For your subject line, enter: “Additional Change Management Risk Assessment Example.”


How to Do Risk Identification in Project Management (Step by Step)

Change practitioners and project managers often ask about the best ways to identify project risk and change management risk. Following are steps that should be taken for risk assessment and mitigation.

Step 1: Identify What Needs to Happen for a Project to Be Successful

Before you can use a risk assessment tool, like the AGS Project Assessment, Risk & Success Toolkit, the Prosci risk assessment, or ServiceNow change risk assessment, you need to know what equals success for the project.

How will you know if you deviate from successful project management and change management path if you don’t know what success looks like?

Review best practices for project and change management as well as the project documentation, which should identify the project objectives and scope. This will help you define the deliverables that should be in place from the project management and change management teams for a project to be successful.

Step 2: Perform Project Risk Identification Assessments

Your second step is to have a strategy for risk identification in project management.

You should plan to conduct at least three project risk assessments using a project and change risk assessment template. AGS recommends using a change management risk assessment questionnaire or template in three key stages of your project.

The recommended stages to do project risk analysis and management are:

  • Readiness & Assessment Stage: When the project and project teams are being assembled and change management assessments are being completed. (Change impact assessment, stakeholder assessment, resistance management assessment, etc.)
  • Planning & Deployment Stage: When the project and change management teams are creating plans and following those plans to deploy the work for solution delivery and solution adoption.
  • Post-Go-Live Normalization Stage: When the project goes live in the organization and the impacted groups are first using the solution in their day-to-day activities.

It’s best to use a project and change management risk assessment template or software that is already laid out with best practices for conducting risk assessment in project management.


Best Change Management Risk Assessment Matrix & Template Example

change management risk assessment template

Use a comprehensive project risk matrix template to answer “yes/no” about deliverables completion in multiple pre-populated and editable categories.

project risk assessment

The AGS 360° risk assessment and mitigation reporting dashboard will give you a full view of where project risk is and what you should do to mitigate it.

Project Risk Analysis and Management Toolkit – Get Yours Today


Step 3: Address & Correct Project Risk and Change Management Risk

The next step for risk management in project management is to address and correct the risks found in the transition risk assessment. It’s important to use a project and change management risk assessment template with analytics reporting to help you zero in on the issues leading to project risk.

Take this information and conduct the project change management risk mitigation by correcting the issues identified.

Step 4: Continue Monitoring with Ongoing Risk Assessment and Mitigation

It’s important to continue managing the risk change management process in project management for at least four weeks after the go-live date for the project (or longer for larger initiatives). User adoption is key to project success, and the first weeks after people begin using a newly introduced project solution are when new project risks will often occur.


Do you have questions about risk management and change management? Or about an alternate change management risk assessment questionnaire ServiceNow template? Send us a message, we’ll love to hear from you.


Risk and Change Management: Importance of Assessments to Identify Project Risks

If you haven’t performed any of the project management risk management processes referenced in the section above, then we strongly recommend that you do so as part of driving an effective project and organizational change management program for your company.

Without managing project risks and changes, you are conducting your project with blinders on. This can lead to unexpected problems or complete project failure either because the product solution wasn’t delivered well and/or the change management process in project management didn’t succeed to get end-users/impacted groups to adopt the new solution.


Tips on Managing Project Risks and Changes

At the early stages of a project, it is essential for change practitioners or project leads to document the risks that the organization will face during this change. Change management in project management needs to be included in any risk assessments.

Here are some tips for successfully handling project management risk:

  • Make sure you fully understand the goals and objectives for the project, so you have a benchmark for your change management risk matrix.
  • Do at least three assessments for project and change management in project management risk.
  • Use a comprehensive project and change risk assessment template with reporting dashboard (such as the AGS Project Risk Assessment Tool)
  • Discuss the risk management in project management with the project leads, change management leads, key sponsors, and any other key stakeholders.
  • Ensure both the project and change management teams are working together to mitigate project risk.

Do you have project risk and change management examples that should be included in this guide? If so, contact us.


Software Tool for Doing Risk Management in Project Management

Are you looking for a good change management risk assessment matrix? Need a change management risk assessment questionnaire that is already designed according to best practices?

Maybe you have been looking for an alternative to the Prosci risk assessment or a change risk assessment ServiceNow has?

The AGS Project Assessment, Risk & Success Toolkit provides you with a powerful, yet simple-to-use tool for assessing and managing risk in project management.

It includes a smart scoring system and insightful analytics dashboard as well as a pre-populated project and change risk assessment template full of deliverables typically needed for a successful project.

The toolkit comes with everything you need for actionable risk assessment in project management and is customizable for your needs.

project risk and change management

Project Assessment Toolkit – Get Yours Today


Do you have questions about this project risk matrix tool or the change management process in project management? If so, contact us.


Risk Assessment Using a Simple Change Management Risk Matrix

If you have a small project that doesn’t require a full risk and change management assessment, then you may prefer to use a simple change management risk assessment matrix, as illustrated below.

This change management risk matrix can also be used as a precursor to more detailed risk identification in project management, as a jumping-off point. It can also be used to indicate whether or not a full assessment of project and change management risks is needed.

Risk Assessment and Mitigation Matrix (Illustration)

risk assessment and mitigation

managing project risks and changes

The X-axis of the 4×4 Risk & Readiness chart plots how ready and receptive the groups or organization is for a change. The Y-axis plots the severity of the change impacts. This 4×4 structure is a helpful visual representation of an analysis of change management risks.

You can find this change management risk matrix chart in AGS’ free Change Management Strategic Playbook. Sign up for a free account to get yours.

This project and change management risks review guide aims to cover everything you need to know about conducting the best levels of risk assessment and mitigation. However, if you have additional questions, don’t hesitate to contact us.


Using Project & Change Management Risk Analysis to Drive More Successful Projects

Risk in project management is something you should expect and monitor for. It’s difficult to ensure a project is meeting goals and objectives after it’s delivered unless you incorporate risk assessment and mitigation into your strategy.

The best change management risk assessment template and tools will include risk identification in project management and change management activities, as both are vital to project success.

You should communicate the results of your assessment for project and change management risks to the primary project sponsor and project teams, and use this information to determine what actions for managing project risks and changes will be required from the project and change teams. In addition, senior leaders will be interested in learning about the findings from your change management risk analysis.


FAQ: Project and Change Risk Assessment and Mitigation

What is an assessment for change management risks?

Risk Management and change management risk assessment involves a set of assessments that are conducted to identify whether the project has a very high, high, mid, or low risk.

What are the risks in change management?

A change management risk assessment matrix is a 4x4 chart that plots the severity of the impacts of a change against employees' receptiveness to the change.

How do you mitigate risk in change management and risk in project management?

Risk identification in project management is key to mitigating that risk. You should know what the project goals and objectives are, the best ways to meet those objectives, and monitor for any deviations from that plan.

Do you have an alternative to the Prosci risk assessment or ServiceNow change risk assessment?

If you are looking for a substitute for either the change risk assessment ServiceNow has or the Prosci risk assessment, then we recommend you check out the AGS Project Assessment, Risk & Success Toolkit. (https://www.ocmsolution.com/program-assessment-tool/) It includes a project and change management risks template, analytics dashboard, project assessment checklist, and more!



Authors: Ogbe Airiodion (Senior Change Management Lead) and Francesca Crolley (Content Manager)
Note: Content on OCM Solution (Formerly Airiodion Global Services (AGS))'s ocmsolution.com website is copyrighted. If you have questions, comments, or tips about this OCM Solution (Formerly Airiodion Global Services) content or product, please contact OCM Solution today.

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Free Change Management Plan and Template - OCM Solution

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1-on-1 Change Manager Coaching

Increase Your Change Management Successes & Expertise.

Change Manager Coach

Have you been assigned to a change management project?

Get the best change management coaching. Discuss your plans and ensure you have not missed anything before delivering them to your stakeholders. Increase your change successes.

Safe environment. 1-on-1 change coaching. No question is too small. Ask me anything.

Find Out More | Schedule Your First Free Call



FREE Change Management Templates (Excel, PDF, PPT)

Get Free Templates Today

Free Change Management Plan and Template - Airiodion Global Services (AGS)-min

Get Your Free Change Management Templates Today


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