Risk analysis form
To conduct an effective and actionable risk analysis, you may need the following steps.
- Establish an Internal Team to Assemble a team of experienced employees to identify problems and risks that the administration faces, which may hinder the achievement of its objectives and affect the institution.
- Identify Risk Causes and Impacts Understand the causes and impacts of each risk. This helps in determining the likelihood and severity of the risk if it occurs.
- Develop Effective Policies Create actionable and effective policies to address risks before they occur or to mitigate their impact.
- Detail Risks, Causes, and Impacts Identify and document the risks, their causes, and potential impacts that could prevent the administration from achieving its objectives.
- Complete the Attached Template Ensure that all fields in the attached template are filled out, with each risk documented in its own specific section.
- Obtain Necessary Approvals The completed template must be approved by the head of the administration, the dean, and the college before it is sent to the Risk Management Department.