Risk management plan template

Background:

Context:

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Document date: April 2015

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Risk management plan template
Identification and analysis

Grade Level of likelihood

A Expected (will occur regularly)

B Probable (will occur at some stage)

Risk likelihood legend

C Possible (could occur)

D Improbable (could occur but unlikely)

E Rare (may occur but in limited situations)

Grade Level of impact

1 Insignificant

2 Minor
Risk impact/
consequence legend
3 Moderate

4 Major

5 Catastrophic

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Document date: April 2015

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Risk management plan template
Risk categorisation matrix

Level of Level of impact

likelihood
1 2 3 4 5
(Insignificant) (Minor) (Moderate) (Major) (Catastrophic)
A (Expected)
Medium Medium High Extreme Extreme

B (Probable)
Medium Medium Medium High Extreme

C (Possible)
Low Medium Medium High High

D (Improbable)
Low Low Medium Medium High

E (Rare)
Low Low Low High Medium

Risk categorisation table

Priority Risk Likelihood Impact Level of risk

© Aspire Training & Consulting

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Document date: April 2015

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[student name]......................................................... [id] ................................... [date] ..................

Risk management plan template
Risk control/treatment

Activity:
Risks

Control measures/ Control measure Strength Weakness

treatments

Impact of risk/s on
areas outside your
responsibility

Personnel involved

Expected outcomes of
risk treatment plan

© Aspire Training & Consulting

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Document date: April 2015

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Risk management plan template
Implementation plan:

© Aspire Training & Consulting

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Document date: April 2015

[unit code and title] ..........................................................................................................................................

[student name]......................................................... [id] ................................... [date] ..................