can adapt these examples to suit your organisations needs The normal Powerpoint editing functions will allow you to edit text add or delete rows or columns and modify any aspect of the Toolkit Explanatory text has been added to assist where necessary and can be deleted ID: 1014595
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1. Risk Assessment ToolkitYou can adapt these examples to suit your organisations needs. The normal Powerpoint editing functions will allow you to edit text, add or delete rows or columns and modify any aspect of the Toolkit. Explanatory text has been added to assist where necessary and can be deleted.
2. Risk factor 1:Risk factor 2:Risk factor 3:Risk factor 4:Risk factor 5:What is the harm or impact the risk factors could cause?This is the harm to people, organization and/or community.What is the likelihood that the harm or impact would occur?Develop a scale to assess likelihood of the harm or impact, tailored to your organisation from ‘rare’ to ‘almost certain’ – see Table 1 Risk Likelihood below for an example.What is the level of impact or harm?Assess the level of impact or harm that may be caused by the risk factors – see Table 2 Risk Impact below for an example.Risk assessment register (example to be adapted to your needs)
3. Risk factor 1:Risk factor 2:Risk factor 3:Risk factor 4:Risk factor 5:What is the level of risk?Assess the level of risk by applying a rating of ‘high’, ‘medium’ or ‘low’ based on business judgement – see Table 3 Control Effectiveness Matrix below for an example. What controls are currently in place?How effective are the current controls?Assess controls according to design effectiveness (is the control suitably designed to address the risk) and operational effectiveness (is the control operating as intended) – see Table 4 Control Effectiveness Matrix below for an example.
4. Risk factor 1:Risk factor 2:Risk factor 3:Risk factor 4:Risk factor 5:What further controls are required?Actioned byDate dueDate completeMaintenance and review
5. LikelihoodDescriptionProbabilityAlmost certainExpected to occur within a 12-month period with ~ 90% probability 90%LikelyWill probably occur within a 12-month period with ~ 65% probability 65%PossibleMight occur within a 12-month period with ~ 20% probability20%UnlikelyCould occur within a 12-month period with ~ 10% probability 10%RareExtremely low (~4%) probability this will occur within a 12-month periodTable 1: Risk Likelihood (example)
6. Impact ratingFinancial impactsNon-financial impactsImpact ratingFinancial impactsPeopleClientsRegulatoryMediaBusiness partnersInvestorsGovernmentConsumer - publicInsignificantDevelop guidance and definitions for each impact under each of the impact ratings, tailored to your organisationMinorModerateMajorSevereTable 2: Risk Impact (example)
7. LikelihoodImpactImpact ratingFinancial impactsInsignificantMinorModerateMajorSevereInsignificantAlmost certainLowMediumHighHighHighMinorLikelyLowLowMediumHighHighModeratePossibleLowLowMediumMediumHighMajorUnlikelyLowLowLowMediumHighSevereRareLowLowLowMediumMediumTable 3: Risk Assessment Matrix (example)
8. Individual Control StrengthAlmost certainLikelyOperating EffectivenessEffective (E)Partially Effective (PE)Needs Development (ND)Design EffectivenessEffectiveEPENDMajorPartially EffectivePENDNDSevereNeeds DevelopmentNDNDNDTable 4: Control Effectiveness Matrix (example)