Risk / Opportunity Assessment

S.N Issues - Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Marketing Type of Effect of Likely Severity Category Opportunity Action
Issue Issue Hood
1 Handled by one Internal Long term 3 4 High Risk Enquiry Grooming the next
resource risk due to Records resource to act
all
marketing
activities
concentrate
d in one
place
2 Pricing External Due to 2 2 Low Risk Approved To identify more
competitiveness fluctuation supplier list suppliers or with
in prices of more credit period
raw
materials

Effect Rating (1-Low, 2-3 - Medium, 4-5- High)

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01

 Risk / Opportunity Assessment

S.N Issues - Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Production Type of Effect of Likely Severity Category Opportunity Action
Issue Issue Hood
1 Manpower Internal Production 2 2 Low Risk Attendance Encouraging
absence delayed Register employees through
attendance
incentives .
2 Less Internal Difficult to 1 1 Low Risk Batch Code Monitor the batch
traceability track the code traceability
order of /ERP
particular
customer

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01

 Risk / Opportunity Assessment

S.N Issues - Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Quality Type of Effect of Likely Severity Category Opportunity Action
Issue Issue Hood
1 Vendor Internal Leads to 3 3 Medium Risk Vendor Monitor the
documents not redoing the inspection completion of the
being recording report vendor reports by
completely work Production
recorded Incharge
2 Welding Internal The 1 1 Low Risk Welding QC to monitor the
inspection documentati documents completion of
documents not on updation welding reports
being leads to through review
completed delay every week

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01

 Risk / Opportunity Assessment

S.N Issues - Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Maintenance Type of Effect of Likely Severity Category Opportunity Action
Issue Issue Hood
1 Machine Internal Delay due to 1 1 Low Risk AMC Increase the
Breakdown external external service
time service providers
Management providers
2 Spare parts Internal More break 2 2 Medium Risk Spare parts To have minimum
availability down hours stock records spare parts stock

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01

 Risk / Opportunity Assessment

S.N Issues - Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Purchase Type of Effect of Issue Likel Severity Category Opportunity Action
Issue y
Hood
1 Short lead time Internal Leads to 3 3 Medium Risk Approved List Increase the
improper of External external service
production Service providers
planning Providers
2 Delayed External Production loss 3 3 Medium Risk Purchase To make the
supply register purchase terms
adherence for the
supplier
3 Vendor Internal Not matching 2 2 Medium Risk Vendor To make the
Management with the quality inspection supplier
standards report qualification and
leading to approval based on
rework monitoring of few
supplies.

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01

 Risk / Opportunity Assessment

S.N Issues - Hrd & Probability of Occurrence (Risk / Opportunity) Risk/ Current Control Recommended
o Admin Type of Effect of Likely Severity Category Opportunity Action
Issue Issue Hood
1 Trained External Takes more 1 1 Less Risk Skill mapping To train the
manpower time to make manpower by
them internal training
effective and external
training programs

FORMAT NO:SKI/RA/01 REV NO:00 ISSUE NO:01