Organisational Risks

IssueInterested PartySourceRisk OpportunityInitial Rating Needs & ExpectationsResidual RatingExisiting ControlsAction
Performance of CompetitionDirectors & Owners ShareholdersExternalOpportunityMediumImpacts of Activities of Competition Efffectively Managed
Poor Competitor Offers Opportunities
LowMarket Awareness
Effective Service Provision
Effective Customer Management
Monitor
Performance of CompetitionDirectors & Owners ShareholdersExternalRiskMediumImpacts of Activities of Competition Efffectively ManagedLowEffective Management of Customer Satisfaction
Addition of Quality Certification
Monitor
Effects of Climate ChangeDirectors & Owners ShareholdersExternalRiskLowExtreme Weather Conditions - Changing weather patterns may affect transport arrangements.LowNo Controls Required. Additional storage available if necessary.Satisfactory
Effects of Climate ChangeRegulatory AuthoritiesExternalRiskLowMeet the updated requirements of Clauses 4.1 & 4.2 of the ISO StandardsLowClimate Change deemed not to be a significant issue for the operations of RRIT. No interested parties have been identified with Climate Change as a requirement.Monitor
Financial ExposureDirectors & Owners ShareholdersInternalRiskHighLow exposure to:
Financial Loss
Reputational Loss
LowMaintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
Damage to ReputationDirectors & Owners ShareholdersInternalRiskMediumLow exposure to:
Financial Loss
Reputational Loss
LowMaintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
Resource AvailabilityDirectors & Owners ShareholdersInternalRiskHighSkills & Equipment Available When Required.LowBroad Skill Base With Redundancy
Tasks Can Be Outsourced If Required
Backup of essential data.
Low dependance on equipment.
Monitor
Reputation in MarketplaceDirectors & Owners ShareholdersExternalOpportunityHighOn Time Delivery At Agreed Quality Standards
Good Performance Offers Opportunities
LowEffective Operational Processes
Diverse Customer Base
Effective Management of Customer Satisfaction
Effective Corrective Action Process
Satisfactory
Meet Statutory RequirementsRegulatory AuthoritiesExternalRiskHighSuppliers comply with:
Documented operational practices
Statutory requirements
LowEffective Emergency Management
Toll
Effective Supplier Management
Regular Supplier Performance Evaluation
Toll
Monitor
Failure of Suppliers to Meet RequirementsClients, Allied Staff, End UsersExternalRiskHighSuppliers Deliver Expected OutcomesMediumEffective Supplier Management
Regular Evaluation of Key Suppliers:
Toll
TT Global
Monitor
Compliance with Legislated RequirementsRegulatory AuthoritiesExternalRiskMediumAll identified requirements are met.LowLegal Compliance Procedure
Maintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
Accuracy of InformationClients, Allied Staff, End UsersExternalRiskMediumEmployees have the necessary skills to meet requirements.LowEffective Training/Competency Management
Low staff turn over
Monitor
New TechnologiesDirectors & Owners ShareholdersExternalOpportunityMediumEffect of Changes in Technology ManagedLowStrategic Awareness of Market/Technology TrendsSatisfactory
Correct Disposal of Recycled ItemsClients, Allied Staff, End UsersExternalRiskHighDisposal suppliers dispose of goods correctly.LowSelection of reputable disposal suppliers.
Use of Suppliers Disposal Declaration
Regular Supplier Performance Review
Monitor
Staff SafetyDirectors & Owners ShareholdersInternalRiskLowSafe Methods of WorkLowLow Risk ActivitiesSatisfactory
New TechnologiesDirectors & Owners ShareholdersExternalRiskMediumEffect of Changes in Technology ManagedLowStrategic Awareness of Market/Technology TrendsMonitor
Damage to ReputationClients, Allied Staff, End UsersExternalRiskHighOn Time Delivery At Agreed Quality StandardsLowEffective Operational Processes
Diverse Customer Base
Effective Management of Customer Satisfaction
Effective Corrective Action Process
Monitor
Return on InvestmentDirectors & Owners ShareholdersInternalRiskHighBusiness meets financial expectations.LowEffective Operational Processes
Effective Customer Management
Effective Management System
Monitor
Financial StabilityStaffInternalRiskMediumOngoing EmploymentLowEffective Operational Processes
Effective Customer Management
Effective Management System
Monitor
Staff AvailabilityDirectors & Owners ShareholdersInternalRiskHighBusiness Effectiveness maintained during staff changes.MediumGradual change over of responsibilities.
Ongoing Development of Skills Base
Effective Training
Monitor
Staff AvailabilityDirectors & Owners ShareholdersInternalRiskMediumResources available when required.LowOngoing Development of Skills Base
New staff hired.
Effective Training
Satisfactory
Environmental IncidentsRegulatory AuthoritiesExternalRiskHighNo Environmental IncidentsLow
Selection of suitable transport supplier.
Toll
Supplier Management.
Regular Supplier Performance Evaluation
Satisfactory

Risks Register