Risk Register Instructions for Completing the Risk Register

Risk Register – Completing the risk register

1 - Assessing the effectiveness of existing risk controls

Assess the effectiveness of the controls you have listed. In your judgment, would you rate the effectiveness of the existing controls as Satisfactory, Poor, or Unknown?

2 - Assessing the consequences of the risk

Assess the consequences of the risk should it eventuate. Use the risk consequence rating table to help make a judgment about the severity of the consequence should it occur as described.

Risk consequence rating table

Consequence rating / Consequence description
Catastrophic / Fatality or multiple injuries to one or more persons requiring hospitalisation. Significant reputation damage.
Major / Irreversible injury that requires hospitalisation and causes permanent impairment (physical or mental) to one or more persons. Reputational damage is possible.
Moderate / Reversible injury or impairment (physical or mental) to one or more persons that would require some treatment.
Minor / Minor injury to one or more persons that can be treated with first aid. May require visit to doctor for treatment. Could be anxiety related.
Insignificant / No injury or very minor.

3 - Choosing the likelihood rating of risk occurring

The final stage in risk rating is to choose the Likelihood rating that reflects the likelihood of the risk consequence actually occurring.

Ratings:

· Almost certain – expected to occur in most circumstances (90-99%)

· Likely – probably occur in most circumstances (70-89%)

· Possible – Could occur at sometime (30-69%)

· Unlikely – not expected to occur (10-29%)

· Rare - extremely unlikely, except in exceptional circumstances (1-9%)

Having documented the risk ratings you then need to determine whether risk treatment is required.

Stage 4 - Determining risk treatment

The table below gives a visual representation of risk consequence and likelihood. Risks situated in the red (dark) section require treatment (management), those in the green (light) section must be monitored.

Risk treatment priority table

Consequences / Catastrophic
Major
Moderate
Minor
Insignificant
Rare / Unlikely / Possible / Likely / Almost certain
Likelihood
Monitor / Treat or Monitor / Treat

All those risks that appear in the red cells in the table require further treatment. For those risks list:

· What will be done?

· Who will do it?

· When will it happen?

For example:

Risk Description / Existing Controls / Rating / Decision / Treatment
Steep terrain causing bicycle accident leading to injury / Separate students before descent.
Staff member to go first to check for any debris on the route. / Satisfactory
Poor
Unknown / Catastrophic
Major
Moderate
Minor
Insignificant / Almost certain
Likely
Possible
Unlikely
Rare / Treat
Monitor / Assess student riding skills before the program. Those with limited confidence to dismount and walk down steep descents.
Mal D responsible to ensure route plan reflects steep descents before cycle tour commences.