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Risk Management Treatment Plan

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					                                           RISK MANAGEMENT PLAN
The Risk Management Register, Risk Treatment Schedule and Plan, and Risk Action Plan should be assessed as outlined in Australian
Standard AS/NZS 4360:1999 tables E1, E2 and E3 below

Table E1 Qualitative measures of “Consequence” or impact (AS/NZS 4360:1999)


LEVEL        DESCRIPTOR         EXAMPLE OF DESCRIPTION
  1         Insignificant       No injuries, low financial loss
  2             Minor           First aid treatment, on-site release immediately contained, medium
                                financial loss
  3           Moderate          Medical treatment required, on-site release contained with outside
                                assistance, high financial loss
  4             Major           Extensive injuries, loss of production capability, off-site release with no
                                detrimental effects, major financial loss
  5         Catastrophic        Death, toxic release off-site with detrimental effect, huge financial loss
  Table E2 Qualitative measures of “Likelihood” (AS/NZS 4360:1999).


  Level          Descriptor              DESCRIPTION
    A          Almost certain            Is expected to occur in most circumstances

    B                 Likely             Will probably occur in most circumstances
    C                Possible            Might occur at some time
    D                Unlikely            Could occur at some time
    E                 Rare               May occur only in exceptional circumstances




  Table E3 Qualitative risk analysis matrix – level of risk (AS/NZS 4360:1999).


                                                                     Consequences
      Likelihood                Insignificant           Minor             Moderate     Major   Catastrophic
                                     1                    2                   3         4           5
A (almost certain)                   H                    H                   E         E           E
B (likely)                           M                    H                   H         E           E
C (possible)                         L                    M                   H         E           E
D (unlikely)                         L                    L                   M         H           E
E (rare)                             L                    L                   M         H           H
  E        =    Extreme Risk – Immediate action required.
  H        =    High Risk – Senior Management attention required.
  M        =    Moderate Risk – Management responsibility must be specified.
  L        =    Low Risk - Manage by routine procedures.
      RISK REGISTER


      Project:…………………………………………………………………………………………………………………………………………
      Prepared by.:………………………………………………………Date: ……………………………
      Reviewed by: ……………………………………………………..Date: ……………………………


Ref      The Risk:       The consequences of an   Adequacy of   Consequence   Likelihood   Level of   Risk Priority
      what can happen       event happening         existing       Rating       Rating      Risk
       and how it can                               controls
          happen                                     (good,
                                                  adequate or
                                                     none)
                        Consequences Likelihood
RISK TREATMENT SCHEDULE AND PLAN


Project: ……………………………………………………………………………………………………………………………………………………
Prepared by:………………………………………………………Date: ……………………………
Reviewed by: ……………………………………………………..Date: ……………………………


 The risk in      Possible   Preferred   Risk rating    Result of         Person       Timetable for   How this risk
priority order   treatment    options       after      cost/benefit   responsible for implementation     and the
 from Risk         options               treatment      analysis      implementation                    treatment
  Register                                              A: accept        of option                     option will be
                                                        B: reject                                       monitored
RISK ACTION PLAN


Item
Ref
Risk


Summary – Recommended response and impact




Action Plan
   Proposed actions


   Resource requirements


   Responsibilities


   Timing

   Reporting and monitoring required

Prepared by:                           Date   Reviewed by:   Date

				
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