Context of Organization - Risk & Opportunity

CLIENT LOGO
 Can Include Positive and
Negative factors or
Conditions for Considerations
External Issues
Sl.NO Category Context Issue Risk Opportunity S O T RPN Remarks

1 Legal

2 Technological

3 Competitive

4 Market

5 Cultural

6 Social

7 Economic

2
 Can Include Positive and
Negative factors or
Conditions for Considerations
Internal Issues
Sl.NO Category Context Issue Risk Opportunity S O T RP Remarks
N
1 Values

2 Culture

3 Knowledge
Can be Department /
4 Performance Function Wise
of Org
5

Method 1

3
 Can Include Positive and
Negative factors or
Conditions for Considerations
Internal Issues
Sl.NO Category Context Issue Risk Opportunity S O T RP Remarks
N
1 Policies,
Objectives,
Strategies
2 Capacity

3 Processes

4 Information
& Systems
5 Internal
Stakeholder
s
6 Governance
Structure ,
Roles,
Standards
7

Method 2

4
Needs and Expectations
Sl. Interested Need / Requirement Risk Opportunity S O T RPN Remark
No Party Expectation

1 Customer Need

Expectation

2 Regulatory Body / Need

Govt
Expectation

3 Board of Need
Directors
Expectation

4 Employees Need

Expectation

5 Suppliers Need

Expectation

6 Financial Need
Institutions
Expectation

7 Competitors Need

Expectation

5
Guideline for Ranking - Severity
Ranking Guideline
1 No Impact to the organization interms of Turnover / Operation /
Brand image/ Stake holders satisfaction
2 Will have less Impact to the Organization interms of turnover/
Operation / Brand image / Stake holders satisfaction between
3 Will have marginal Impact to the Organization interms of
turnover/ Operation / Brand image / Stake holders satisfaction
4 Will have disruption to the Organization interms of turnover/
Operation / Brand image / Stake holders satisfaction
5 Will have Serious disruption to the Organization interms of
turnover/ Operation / Brand image / Stake holders satisfaction

6
Guideline for Ranking Likelihood of Occurrence
Ranking Guideline
1 No Chance of Occurrence
2 Chance of occurrence is remote
3 Chance of occurrence is marginal
4 Chance of Occurrence is almost certain
5 Certain to Occur

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 Period of impact to
Be decided on the type

Guideline for Ranking Time Line

Of org / market /
Product ,Services
provided

Ranking Guideline
1 Chances of becoming a need / requirement is remote
2 Chances of becoming a need /requirement is between 5 ~ 10
years
3 Chances of becoming a need /requirement is between 3 ~ 5
years
4 Chances of becoming a need /requirement is between 2 ~ 3
years
5 Chances of becoming a need /requirement is immediate

8
Guideline for Risk Mitigation Method 1
For any Significant Risk beyond cut off RPN following possible actions to be
reviewed and decided :

1. Avoiding the Risk by deciding not to start or continue with the activity
that gives rise to the risk
2. Taking the risk in order to pursue an opportunity
3. Removing the Risk Source
4. Changing the likelihood
5. Changing the Consequences
6. Sharing the risk with another party or parties
7. Retaining the risk by informed decision

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Guideline to Risk Mitigation Method 2
S
1 2 3 4 5
No Actions No Actions Risk Will be Risk Will be monitored Risk Will be monitored
1 monitored during during Reviews for during Reviews for
Reviews for further further action further action
action
No Actions No actions Risk Will be Risk Will be monitored Risk Will be monitored
2 monitored during during Reviews for during Reviews for
Reviews for further further action further action
O action
No Actions No Actions Risk Will be Risk Will be monitored Objectives will be Set
3 monitored during during Reviews for
Reviews for further further action
action

Risk Will be Risk Will be Objectives will be set Objectives will be Set Objectives Will be Set
4 monitored monitored
during Reviews during
for further Reviews for
action further action

Risk Will be Risk Will be Objectives will be Set Objectives Will be Set Objectives Will be Set
5 monitored monitored
during Reviews during
for further Reviews for
action further action

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Actions Linkage to Manage System

Objective Setting Action plan to achieve the same.

Review and strengthening of respective Management system Process.

Development of new management system process

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To ensure continuity
Sl.NO Category Method of Capturing Frequency of Review / Responsibility
Update
1 Legal

2 Technological

3 Competitive

4 Market

5 Cultural

6 Social

7 Economic

Same for Internal issues, Needs of Expectations of Interested Parties

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