Appendix F: Risk Management Plan Template
Risk Management Plan
| How to use this Risk Management Form:
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| Risk Description – Describe risk as “Something might occur that will lead to consequences (positive or negative)”
Consequences – “Consequences are the outcomes of events that have an effect on objectives” |
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| Risk Control – ‘A process, policy, or practice which will reduce the likelihood of risk or which can be used as a corrective action in the event of risk occurring’. | |||
| Risk Rating – | |||
| Likelihood – Based on effectiveness of control/ contingency measure, rate likelihood of risk from 1 – 4 as follows: | |||
| 1 – highly unlikely; 2 – unlikely; 3 – likely; 4 – highly likely | |||
| Impact – Rate the level of impact each risk may have on your business, using the following scale: | |||
| 1 – low; 2 – medium; 3 – high | |||
| Multiply likelihood and Impact ratings to identify risk rating as follows: | |||
| Likelihood (L) x Impact (I) = Risk rating (R) | |||
| Activity/Area/Issue | |||
| Assessed by | Date of Assessment: | ||
| Risk Description | Consequences | Risk Assessment | Risk Control | Person Responsible | ||
| Likelihood | Impact | Risk Rating | ||||
| Staff member complaining about discrimination in allocation of Flexible work arrangements | Low staff morale
Risk of legal action
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3 | 2 | 6 | Develop a Flexible Work policy explaining that flexible working requests will be considered, on their own merit and provided that the needs of the business are met
Develop an anti-discrimination policy, which includes flexible work arrangements in its scope and ensure that staff understand it |
HR Manager |
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