Risk Assessment Template

Date Risk Identified: Click or tap to enter a date. Risk Owner: Input the stakeholder accountable for the risk
Step 1 to 3 Business Area/s: Provide the primary affected business area Risk Type: Choose an item.
Context Risk Category: Choose an item.

Commentary / Summary Input any details that may provide useful background/context in understanding the risk .

1 – Identify 2 - Analyse 3 – Evaluate 4 – Treat

Step 9.
Step 11.
Risk
Step 4. Step 5. Treatment
Step 6. Cause Step 8. Treatment Step 10. Step 12.
Risk Risk Description Consequences Step 7. Due/
(Why would this Current Risk Option Treatment Plan Target Risk
No. (What could go (Why do we care?) Controls Review
risk occur?) Rating (Select (Describe your plan) Rating
wrong?) Dates &
‘Accept’
Owner
or ‘Treat)

Type here - Provide a Type here - The Type here - Input the Type here - Type here - Select Type here - Input any Type here Type here -
brief but clear consequences need to key drivers that will Detail the controls Use the ‘Risk ‘Accept’ or planned mitigations (but - Record the These ratings
description of the risk. provide the description result in the risk mitigations Exposure Matrix’ ‘Treat’. not currently in place) that review should be done
of what impact the risk currently in place supported with the Accept will further reduce the risk. after taking into
occurring. Consequence and
and/or due
will result in. that will reduce when no dates for account the
Likelihood Criteria
the risk. If none to assist you in
further each planned
exist please note identifying the risk treatment. treatment treatments.
#
this level. These and
ratings should be
done after taking
Choose associated
owner
into account the
controls currently
an item.
in place.

Strategy and drive to Design and develop new

This risk may negatively grow international Global Partnership Life-
Poor Partner
impact RMIT brand and revenue but without Consequence: 3 cycle Framework - October Consequence: 3
Sample

Management - Risk that

position in different clear partner No controls are Likelihood: C Option - Gain executive approval, 2019 Likelihood: B
an ad-hoc approach is
countries whilst also management process currently in place Treat assign development to
taken in developing
negatively impacting and policies, causing an High staff member, and create a Joe Bloggs Medium
RMIT’s global presence
financial performance ad-hoc approach to development and
expand global presence implementation plan.

Add more rows if you have more than one risk

Version 1.0 February 2019