Risk Management Plan Template

ESTABLISH THE CONTEXT 10
IDENTIFY THE RISKS 10
ANALYSE THE RISKS 10
EVALUATE THE RISKS 10
TREAT THE RISKS 10
5. Identify the risks 11
6. Analyse the risks 13
Priority Risks 14
7. Risk management register (example) 15
Alternative presentation tool - risk matrix 17
Ref number 18
Description 18
Type of risk 18
Likeli 18
hood 18
Impact 18
Score 18
06/01 18
Cash flow / liquidity difficulties 18
Financial management 18
2 18
5 18
10 18
06/02 18
arrears blow out 18
Financial management 18
3 18
4 18
12 18
06/03 18
Financial management 18
4 18
4 18
16 18
06/11 18
3 18
4 18
12 18
06/34 18
Losses made on leasehold properties because of funding formula affecting long term financial viability 18
External - funding 18
4 18
5 18
20 18
8. Evaluate the risks 20
Priority risks 20
Risk Priority 21
Ref # 21
Risk description 21
1 21
06/34 21
Financial viability, due to under-occupancy in capital properties and insufficient financial reserves to fund maintenance liabilities 21
2 21
06/6 21
Excessive workload and poor staff morale 21
3 21
06/25 21
A lack of financial skills on the board 21
4 21
5 21
6 21
7 21
8 21
9 21
10 21
11 21
12 21
13 21
14 21
15 21
16 21
17 21
18 21
19 21
20 21
Priority risk table 21
9. Treat the risks 22
The risk treatment plan is essential for successful risk management. It is the part of the risk management plan that allows an organisation to say what approach will be adopted for each of its key risks. 22
Risk treatment plan (example) 23
Compiled by: Date 23
Appendix A - Interviews 25
Appendix B - Acronyms 25
Appendix C – Useful links and resources 25

Version control and Approval


Providers need to have a process for regular board and senior management review and approval of the risk management plan. Tables such as the two below could be attached to the plan to ensure that changes are tracked effectively and that amendments are signed off by the appropriate board or staff members.

Document Approval

The original of this Risk Management Plan has been endorsed and approved by the Board of Directors at the Board meeting held on:

_____________________

Signed _____________________

Name _____________________

Position _____________________

Document Information

This document is stored in a hard copy in the following location:

_____________________

And electronically in the following location:

_____________________

Document Changes and reviews

The author should be advised of any errors, omissions, ambiguities, and requests for change or suggestions for improvement

Changes will need to be approved by the officer with delegated authority for endorsing risk management plans in the document approval section, prior to being incorporated into the next version of this document.

Table 1