ITIL ITSCM Risk Analysis Template

by Rahulprasad Hurkadli

ITIL is a framework that provides guidelines for IT service management. ITSCM is a process within ITIL that ensures IT services can be recovered after a disruption. Risk analysis is a crucial part of ITSCM as it involves identifying, assessing, and mitigating potential risks. This process helps organizations proactively address threats to IT services and ensures continuity.

Understanding the ITIL ITSCM Risk Analysis Template

  • Risk Identification: This section helps identify potential risks to IT service continuity. It may include categories such as natural disasters, equipment failure, cyber attacks, human errors, and software glitches. Each category is further broken down into specific risks.
  • Risk Assessment: This section assesses the likelihood and impact of each identified risk. Likelihood represents the probability of a risk occurring, while impact reflects the consequences if it does happen. The template may provide a numerical scale or a qualitative assessment (e.g., low, medium, high) to rate both likelihood and impact.
  • Risk Prioritization: Based on the likelihood and impact assessments, risks are prioritized to determine the focus of risk management efforts. Risks with a high likelihood and high impact are given priority, while those with a low likelihood and low impact may be considered less critical.
  • Risk Mitigation: This section outlines the recommended risk mitigation measures for each identified risk. It may include actions such as implementing redundant systems, creating backup plans, establishing incident response procedures, training staff, or acquiring insurance coverage.
  • Risk Monitoring: Once mitigation measures are implemented, this section provides a mechanism to monitor the effectiveness of the controls and track changes in risk levels over time. It may include regular assessments, periodic evaluations, or ongoing monitoring activities.
  • Documentation and Reporting: The template also includes sections for documenting risk analysis findings, maintaining records of risk management activities, and reporting on the status of risk mitigation efforts to stakeholders. This helps track progress, demonstrate compliance, and support decision-making.

Walkthrough of the ITIL ITSCM Risk Analysis Template

  • Introduction: The template starts with an introduction that explains the purpose of the risk analysis and provides instructions on how to use the template effectively.
  • Risk Identification: The first step is to identify risks. This section includes a table where you can list potential risks. You can categorize the risks based on different criteria such as external threats, internal threats, technological risks, human-related risks, and environmental risks.
  • Risk Assessment: Once risks are identified, the next step is to assess their impact and probability. This section includes a table where you can rate each risk's impact and probability on a predetermined scale, such as low, medium, or high. You can also provide a description and any additional comments for each risk.
  • Risk Evaluation: Based on the impact and probability ratings, the risks are then evaluated to determine their overall risk level. This section includes a table where you can calculate the risk level by multiplying the impact and probability ratings. The template provides guidelines on how to interpret and categorize the risk levels.
  • Risk Prioritization: After evaluating the risks, they are prioritized based on their risk levels. This section includes a table where you can rank the risks in order of priority. You can assign each risk a priority number and provide a justification for the priority assigned.
  • Risk Treatment: Once the risks are prioritized, the next step is to plan and implement risk treatments. This section includes a table where you can document the risk treatment plan for each identified risk. The template provides fields to capture the risk treatment measures, responsible parties, and target completion dates.

 Best Practices for Conducting ITSCM Risk Analysis

  • Identify potential threats: Start by identifying potential threats that could disrupt or impact your IT infrastructure. This could include natural disasters, cyber-attacks, equipment failures, or human errors.
  • Assess impact: Once you have identified the potential threats, assess their potential impact on your IT infrastructure. Consider the potential downtime, data loss, financial impact, and customer perception.
  • Determine likelihood: Next, determine the likelihood of each potential threat occurring. This can be done by analyzing historical data, industry trends, and gathering input from various stakeholders.
  • Prioritize risks: Prioritize the risks based on their impact and likelihood. Focus on the risks that have the highest potential impact and likelihood of occurrence.
  • Evaluate existing controls: Evaluate the existing controls in place to mitigate each identified risk. Determine if the controls are effective, efficient, and if any improvements are needed.
  • Identify new controls: Identify additional controls or measures that can be implemented to further mitigate the identified risks. This could include implementing backup solutions, strengthening cybersecurity measures, or implementing redundancy in critical systems.

How to Use the ITSCM Risk Analysis Template

  • Familiarize yourself with the template: Take a close look at the structure and content of the ITSCM risk analysis template. Understand the different sections included and how they are organized.
  • Identify potential risks: Identify and list all the potential risks that could affect the IT service continuity in your organization. This may include natural disasters, equipment failures, cyberattacks, power outages, and others. Consider both internal and external factors that could impact the IT systems.
  • Assess the impact: Analyze the potential impact of each identified risk on the IT service continuity. Consider the severity of the disruptions caused by each risk and evaluate the potential financial, operational, and reputational consequences.
  • Determine the likelihood: Evaluate the likelihood of each risk occurring. This can be done by assessing historical data, industry trends, and expert opinions. Consider the probability of each risk and assign a likelihood rating to them.
  • Calculate the risk rating: Combine the impact and likelihood ratings for each risk to calculate the overall risk rating. You can use a simple scoring system, such as assigning a numerical value to both impact and likelihood (e.g., on a scale of 1-5) and multiplying them together.
  • Prioritize risks: Sort the risks in descending order based on their risk rating. This will help you prioritize and focus on the most critical risks that require immediate attention and mitigation efforts.

Advantages of a Free ITSCM Risk Analysis Template

  • Accessibility: A free ITSCM risk analysis template is easily accessible to anyone who needs it. You do not need to purchase or invest in expensive software or tools to conduct your risk analysis.
  • Customizability: Free templates often come in a editable format, allowing you to tailor the template to suit your specific needs and requirements. You can add or remove sections, include additional fields or modify it to align with your organization's risk management framework.
  • Time-saving: Utilizing a pre-made template saves time and effort as you do not need to start from scratch. The template will have the necessary sections and fields already set up, allowing you to focus on analyzing and mitigating risks rather than creating the structure of the analysis.
  • Standardization: A free template ensures that your risk analysis is standardized and consistent across different projects or teams within your organization. This makes it easier to compare risks, make decisions, and prioritize actions.
  • Professional presentation: Most free templates are designed by professionals and have a visually appealing layout. This enhances the overall presentation of your risk analysis and makes it easier to understand and communicate the information to stakeholders.
  • Learning tool: A free template can provide a learning opportunity for those new to risk analysis. By using a template, you can understand the different sections and fields required for a comprehensive risk analysis, helping you to learn and improve your risk management skills.


In conclusion, a free download ITIL availability report template can be a valuable tool for organizations looking to improve their service availability. It provides a structured and organized format to track and analyze availability metrics, identify areas for improvement, and make data-driven decisions. By utilizing this template, organizations can enhance their IT service management practices, reduce downtime, and ultimately deliver better services to their customers.