The code will work on any document that has the same table as the one in my attachment - which is the same as yours except that I've retitled your 'Probablity' content controls to 'Likelihood' for consistency - and I've applied the 'Impact' title to all the content controls in the next column. Note also that the code also provides for the addition of new rows - simply select an impact from the last content control, then exit it and you'll invoke that process.

To see the VBA code that drives the process, press Alt-F11. To make that code available to all documents using this form, save my attachment as a macro-enabled template (i.e. .dotm format). Any new documents created from that template will have access to the macro code and can be saved in the docx format (Word's default). If you send the document to someone else whose network setup doesn't permit access to your template, though, they'll need the template too, so they can save it in their templates folder.