Risk Management - an outline process for identifying and Managing Risk

Process for Identifying and Managing Risk


While a variety of different strategies can mitigate or eliminate risk, the process for identifying and managing the risk is fairly standard and consists of a number of basic steps.

  1. Threats or risks are identified
  2. Who or what might be affected is assessed
  3. The potential consequences of specific threats / risks are highlighted
  4. Identify ways to reduce or eliminate risks
  5. Prioritise the risk management procedures based on their importance 

The table below can be used to record your assessment process.

Assessment Process Table

Ref No Activity

Significant Threat  / Risk (1)

Who or What is at Risk (2)

Consequences.
Can be scored (probability * Impact) (3)

Present Mitigation / Controls (4)

Further Mitigation / Controls (4)

Actions (5)

Having a risk management plan is an important part of maintaining a successful and responsible organisation.  Every organisation should have one.  It will help to protect people as well as your physical and financial assets and your reputation.

Many of the policies and more detailed risk assessment procedures are already available from RIBI and the District Team.  These provide you with the initial mitigation / controls you need to manage your events.  Your Club should already have copies available but they are also available through the links below.

If you have any concerns or queries about any of these issues please contact the relevant District Officer.  Click on their name to send them an email.

This advice is regularly reviewed.  If you have any comments or request please contact the chairman of the Administration Committee dge@rotary1190.org

Process for Identifying and Managing Risk pages:

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