Risk Management Plan Template

The risk management process will be used by the management team to ensure risk control methods are
included in all organisational planning, management of operations and governance.

Definitions
The following definitions are based on the Australian and New Zealand Risk Management Standard
AS/NZS 4360:2004.

Risk
The chance of something happening which will have an impact upon objectives. It is measured in terms of
consequence and likelihood.

Likelihood
A qualitative description or synonym for probability or frequency.

Consequence
The outcome of an event or situation, expressed qualitatively or quantitatively, being a loss, injury,
disadvantage or gain. There may be a range of possible outcomes associated with an event.

Risk assessment
The overall process of risk analysis and risk evaluation.

Risk treatment/control methods

Selection and implementation of appropriate options for dealing with risk.

Conceptually, treatment options will involve one or a combination of the following five strategies:

 Avoid the risk.

 Reduce the likelihood of occurrence.

 Reduce the consequences of occurrence.

 Transfer the risk.

 Retain/accept the risk.

Risk management process

The systematic application of management policies, procedures and practices to the tasks of establishing
the context, identifying, analysing, evaluating, treating, monitoring and communicating risk.

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Risk management procedure
This risk management plan template should be used. The following procedure should be followed for risk
management:

1. Gather information about potential risks and risk treatments or controls using a range of risk
management tools and techniques. The preferred method is brainstorming potential risks with key
staff members and conducting a PESTLE analysis to identify external risks.
2. Confirm key risks and risk treatments or controls to be documented in the risk management plan.
For each risk, indicate the consequence of the risk e.g. fire, business closure, lack of qualified staff,
etc.
3. Identify key risks and document them in the risk register.
4. Using the risk legend within the risk management plan, assess and document the likelihood of the
risk occurring.
5. Using the risk legend within the risk management plan, assess and document the severity of the risk
occurring.
6. Identify and document the agreed treatment or control method for each risk.
7. Assign a ranking to the risk using the risk assessment legend. The ranking of the risk will determine
its importance in terms of risk management.

Risk assessment legend

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Risk register
Evaluate each risk as to whether it is high, medium or low priority and assign an order for treating risks.

Scope of assessment: Kitchen and dishwashing area, WHS procedure

Critical success factors: Each staff is observed for proper risk management and also every staff is registered as having complete
training.

Stakeholders: All staff members and management of blue healer café.

Risk Consequences Severity Rating Likelihood Rating Treatment or control Priority rating (high,
methods medium or low)

Order of priority

Hazardous materials If not properly disposed Moderate Remote Remind the staff on Medium
found in the bin may cause cuts, bruises proper disposal of
from the hazardous hazardous materials.
materials Check bins properly.

Floors are not free from If not swept correctly, Low Remote Always check the floors Low
debris one can cause falls, and occasionally and secure
punctures that may lead that floor brooms and
some serious accident. dust pans within reach

Observed a little noise If not checked Moderate Remote Timely monitoring and medium
coming from an unknown immediately, it can check of equipment used
source damage to the in the kitchen
equipment and
disruption of business

© Pakenham Institute Pty Ltd |RTO No. 41536 l CRICOS Code: 03941H I Website: www.pakenham.edu.au Unit 2, 66 – 68, Main Street Pakenham VIC 3810 Australia |
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 operation.

All appliances not be This will cause an electric Moderate Occasional All electrical appliances High
tested shock for workers should test by electrician

Untrained workers in Workers will be trapped Catastrophic Probable Fire safety officers should medium
evacuation method in the work area and lack orient the workers about
of directions given evacuation process

Risk action plan

Each of the risks identified above should be included in the table below and actions shown. The table should be copied and pasted for each risk.

Description of risk Hazardous materials found in the bin

Summary of recommended response and impact Moderate, remote

Proposed actions Remind the staff on proper disposal of hazardous materials. Check bin regularly.

Resource requirements Paper, garbage bin, bin liners

Responsibilities Staff, managers

Timing During the inspection

Reporting/Monitoring Daily

Description of risk Floors are not free

© Pakenham Institute Pty Ltd |RTO No. 41536 l CRICOS Code: 03941H I Website: www.pakenham.edu.au Unit 2, 66 – 68, Main Street Pakenham VIC 3810 Australia |
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Summary of recommended response and impact Low, remote

Proposed actions Always check the floors occasionally and secure the floor brooms and dust pans within reach

Resource requirements Broom, dustpan, mop

Responsibilities Staff

Timing During operation

Reporting/Monitoring daily

Description of risk Observed a little noise coming from unknown source

Summary of recommended response and impact Moderate, remote

Proposed actions Timely monitoring and checking of equipment used in the kitchen

Resource requirements Equipment manual

Responsibilities Staff, manager, technician

Timing During operation

Reporting/Monitoring Occasionally

Description of risk All appliances not be tested

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Summary of recommended response and impact Moderate, high

Proposed actions All electric appliances should test by an electrician.

Resource requirements Equipment manual

Responsibilities Manager

Timing During operation

Reporting/Monitoring occasional

Description of risk Untrained workers in evacuation method

Summary of recommended response and impact Catastrophic, medium

Proposed actions Fire and safety officers should be in charge of workers about evacuation process.

Resource requirements Training

Responsibilities Manager, staff

Timing During operation

Reporting/Monitoring When needed

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