Risk & Opportunity Management

1. Risk & Opportunity Management

2. A. Risk Management Training & Guidance G. Decision Making B. Service Risk Registers RISK & OPPORTUNITY MANAGEMENT STRATEGY F. Partnership Risk Management C. Maintenance of Corporate Risk Register E. Project Risk Management D. Reporting on Risk Management (Assurance) Risk ManagementComponents

5. Team Risk Registers

6. Service Risk Registers

7. Corporate Risk Register

8. The Risk Register Template This is the first time we have fundamentally reviewed the risk register template based on feedback from users:

9. Key Changes – The Template A revised weighted 5×5 risk matrix with simpler likelihood & impact definitions that produces easier to understand scores The use of dropdown menus to make input easier as well as contextual help and where appropriate, data validation Improved presentation of the register including a ‘Top 10’

10. Key Changes – The Risk Assessment Methodology • It uses current mitigated risk assessment (i.e. assessing the likelihood and impact of the defined risk based on actions implemented to date (completed or on-target). • Pre / post mitigation risk assessment is not assessed / recorded.

11. Likelihood & Impact

12. Impact

13. Key Changes – Action Planning • It allows improved action planning that, whilst removing the detailed plans from the register, ensures there are robust monitoring arrangements in place.

14. Key Changes – Reporting • Improved presentation of the register including a ‘Top 10’ Risk report and the ability to tailor presentation by hiding columns • The introduction of risk categorisation and risk score tracking allowing us to examine risk trends in more detail • The introduction of graphical reporting that can be used to report on the contents of the register

15. Key Changes– The Future

16. Questions?