002060RISK REGISTER EXAMPLE

For Risk Register Software go here: https://www.vmia.vic.gov.au/risk/risk-tools/risk-register-software/register-interest

03+000Last reviewed (MM/DD/YYYY)

RISK NO. RISK DESCRIPTION (Event, RELATED OBJECTIVES (e.g. DATE RISK DATE RISK CONTROLS CONTROL LIKELIHOOD OF CONSEQUENCE RESIDUAL RISK CHANGE IN RISK OWNER RISK TREATMENT/S STATUS OF
Causes, Impacts) business, strategic, project) ADDED AND (What is in place to EFFECTIVENESS RISK SCORE (1-5) OF RISK SCORE RATING (Very high, RISK (Job Title) (accept, avoid, TREATMENT PLAN
(MM/DD/YYYY) CONTROLS prevent, detect and RATING (high, medium, (1-5) high, medium, low) RATING reduce, share risk (not commenced, in
LAST manage risk?) low) (Improving, source, change progress, completed)
ASSESSED No Change, likelihood, change
(MM/DD/YYYY) Getting consequence)
Worse)

#315 An ineffective recruitment program Strategic - Recruit policy experts 4/12/2014 5/14/2015 Stringent recruitment Medium 3 3 Medium Improving Bob Jones accept In progress
leads to to provide high level insights processess to prevent
lack of policy expertise in key roles this risk from occurring.
resulting in
sub-standard policy advice to
government.

#316 Poorly implemented learning Business - Reduce high staff 4/13/2014 5/13/2015 Ongoing monitoring of Medium 4 1 Low No change Sarah Summers remove Not commenced
management system leads to staff turnover learning and
not completing required training development plans.
resulting in key skill gaps.

#317 Late changes to specifications for Project - Deliver new infrastructure 4/14/2014 5/14/2015 Procurement policy High 5 4 Very High Getting Bill Clarkson reduce Not commenced
the new infrastructure leads to to specification on time within and procedure. worse
designs and drawings being budget
delayed resulting in delays in
delivery of the new infrastructure
and avoidable costs to the
community .

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