Risk Profile Implementation Guide

Risk profile implementation guide

This risk profile implementation guide has been developed to provide a simple structure to support the effective implementation and ongoing management of the organisation or departmental risk profile.

The structure is designed to empower and support risk owners and encourage an inclusive and collaborative approach for identifying, controlling and reviewing risks.

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: DOCUMENT OVERVIEW

• Overview
• Document control

SECTION 2: INTRODUCTION

• Introduction
• Implementation cycle

SECTION 3: BUILDING CAPACITY

• Risk profile walkthrough
• Ownership
• Identify and empower risk champions

SECTION 4: DEVELOPING THE RISK REGISTER

• Risk profiling
• Populating and calibrating the risk register
• Audit and assurance

SECTION 5: RISK CONTROL PLANS

• Developing a risk control plan
• Integration with risk register

SECTION 6: MONITORING AND REVIEW

• Integrate into existing meetings
• Identification of new or emerging risks
• Post incident review
• Quarterly review
• Reporting