Risk Management Plan Template

Consequence stakeholders Legal
aspects
Damage Risk controls Contingency plan Likelihoo
d
Description
Major A The event is expected to
occur in most
circumstances
Moderate Customer Compliance
management
Medical
treatment
Can be controlled by making
strict provisions regarding
compliance of rules and
regulations.
Training of employees
while dealing with
customers.
B The event could occur at
some time
Minor C The event could occur,
but only rarely
Insignificant D The event may occur,
but probably never will
Risk Management Plan Template
Two hours ago the kitchen served a meal containing peanut oil to a customer with a severe nut allergy, despite the wait staff having written the
food allergy on the docket and telling the cooks about it when ordering the meal. The customer had to be rushed to hospital after exhibiting a
severe anaphylactic reaction and is still in a serious condition
Risk management process:
Risk assessment:

The concerned risk would be assessed with the adoption of making identification and analyzation of risk. This means that the risk would be
identified in terms of its usual or non-usual occurrence. This will be followed up by analyzation which means that how dangerous the risk would
be. This will be followed up by consequence in which the degree of damage would be identified and accordingly the management would be
directed to take most suitable steps so that the risk of customer will never occur.
Technique:
The risk will be assessed by SWOT analysis and flowchart in which it will be assessed that where is the mistake occurred so that adequate steps
can be taken. In this case the SWOT can show the actual capabilities and weakness in terms of non-consideration towards customer
requirement. Likewise, lack of communication with respect to flowchart is also identified here. The process will be documented with the
provisions of communications.
Risk level:
The risk level would be moderate
Insurance option:
Likewise, health insurance in terms of customer safety is available for the risk.
Risk treatment Plan?
In order to treat the risk, the incident will be documented with every details and aspect of the incident. This will be followed up by
customer’s views. Likewise, on that basis the legal advice in terms of compliance management would be taken. Lastly, a food safety plan
would be adopted so that the such accident would never occur in future.

Risk Management Plan Template
An urgent advice from a credit card company about a team of con- artists who are targeting major hotels in a
credit card scam. They have so far been able to fraudulently obtain $880,000 of credit and the last activity was in
a nearby hotel
Consequence stakeholders Legal aspects Damage Risk controls Contingency plan Likelihoo
d
Description
Major Shareholders,
owners
Documentation
and recording
protocol
>$100K Can be controlled
by monitoring and
installation of
security system
Installation of cctv
cameras and security
system. Likewise,
system monitoring will
also be installed.
A The event is expected to occur in
most circumstances
Moderate B The event could occur at some time
Minor C The event could occur, but only
rarely
Insignificant D The event may occur, but probably
never will

Risk management process:
Risk assessment:
The risk assessment will be conducted with the adoption of practice of making analysis and monitoring. This is because with the monitoring of
surrounding environment and activities. This will lead to have a formulation of future course of action in terms of determining the activities. This
assessment will lead to have minimization of risk because if it will be analyzed in advance then it can be treated adequately by suitable
managerial steps.
Technique:
The above risk will be accessed by SWOT analysis and the flowchart technique. This is because with the SWOT analysis the existing capability of
the organization would be accessioned in terms of capacity of firm towards the protection of risk. This will also include taking of suitable stepes
so that threats will be reduced. Likewise, with the flowchart technique adequate communication structure will be established and risk can be
mitigated.
Risk level:
The risk level would be major.
Insurance option:
Likewise, business insurance in terms of protecting the business contingencies will be included.
Risk treatment Plan?
The incident will be documented with the help of adoption of procedure of communication so that it will be traced effectively. In the same way it
will be continuously followed up with the respected personnel which are being appointed in association with keeping a watch with respect to
accident. In this legal advice in terms of making informed to nearest police so that the occurrence can be captured quickly. In addition of this, an
operational training and process will also be enabled which will prepare the employees in advance regarding the handling of such risk.