Risk Management Plan - overview and template

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Has your leadership team properly considered the risks your organisation faces?

The first step is to consider the possible risks and identify them.

Creating a risk management plan is an approach that:

  • recognises risk
  • considers the likely probability of the risk occurring
  • identifies the likely impact should the risk occur and
  • describes how the risk will be managed.

When identifying the risks your organisation faces it can help to think about these in broad risk categories:

  • Strategic (risks that influence the organisation's strategic aims)
  • Operational (day-to-day risks)
  • Project (project management-related risks)

Prompts are also useful when you are developing your risk plan:

  • Failure to...
  • Loss of...
  • Concentration of...
  • Non-compliance with...
  • Lack of...
  • Reduction of...
  • Conflict between...
  • Inability to...
  • Inappropriate...
  • Reliance on...
  • Disruption to...
  • Inadequate...
  • Increase in...
  • Delay in...

You can download an editable, simple Risk Management Plan from the Supporting Files section at the right side of this page. The plan contains example risks - you can adapt or replace these to suit your organisation.

Once you have your plan in place regular review, at least annually, is important to keep the plan current. 

See also these resources:

https://community.net.nz/resources/community-resource-kit/2-7-planning-/

https://community.net.nz/resources/nzntrust/volunteer-management-toolkit-3/