Risk Management Framework

Risk management framework

This risk management framework has been developed to assist businesses and organisations with establishing a structured risk management framework to effectively identify and manage the risks relating to the organisations activities in order to minimise risk exposures and vulnerabilities and maximise opportunities in the pursuit of organisational objectives.

The document has been designed so that it can be modified (by the purchaser) to suit the needs of the business or organisation.

The structure of the document includes:

SECTION 1: GENERAL INFORMATION

• Purpose
• Scope
• Objectives
• Roles and responsibilities

SECTION 2: POLICY AND PROCESS

• Risk management policy statement
• Risk management process

SECTION 3: RISK ASSESSMENT

• General
• Risk identification
• Risk categories
• Risk assessment

SECTION 4: SYSTEMS, REFERENCES, REVIEW AND CONTROL

• Supporting systems
• References
• Monitoring and review
• Document control
• Definitions

APPENDIX A – STRATEGIC RISK REGISTER (template)