Sample Risk Management Plan Template
ADVERTISEMENT
1
2
3
4
5
6
7SAMPLE RISK MANAGEMENT PLAN
To ensure sound governance and management to meet its objectives and key performance indicators, the organisation has considered the risks that may arise, their
likelihood of occurring and the potential consequences and level of impact they could have. Actions are then prescribed for the best ways to eliminate or mitigate these
risks using standard risk management practices.
RISK RATING TABLE
(This table should be used to rank individual risks. Risks rated ‘Severe’ MUST be mitigated (Controls) to no more than ‘High’.
Rating
Consequence
Likelihood
1 Insignificant
2 Minor
3 Moderate
4 Major
5 Extreme
25
Severe
5 Almost Certain
11
Low
16 Medium
20 High
23
Severe
7
Low
12
Low
17 Medium
24
Severe
4 Likely
21 High
13 Medium
18 Medium
4
Low
8
Low
22 High
3 Possible
5
Low
9
Low
14 Medium
19 High
2 Unlikely
2 Very Low
3 Very Low
6
Low
10
Low
15 Medium
1 Rare
1 Very Low
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business