A business is not only faced with the regular business operations in the actual setting of a business plan. There are hazardous and risky situations which entails the need for an action plan when faced with these kinds of situations. A risk action plan is similar to any business plan such as a sales plan or a marketing plan in the context of the creation of strategies to be executed in times of risky and hazardous activities or circumstances.
The following risk action plan template samples provide the necessary information and format in making a risk action plan for your business activities.
Risk Management Action Plan Template
Risk Control Action Plan
Risk Assessment Template
Risk Analysis Action Plan
Stress Risk Template
What Is a Risk Management Action Plan?
A risk management action plan is a written document a project manager procures for the employees and the workers in the project site which states the actions to be taken in preparation for circumstances involving risk. The samples presented on the health and safety plan templates and the crisis plan templates show similar information as a risk management action plan.
Vital Points in a Risk Management Action Plan
A risk action plan must include the following vital points as illustrated on the sample free plan template and plan template in Word format provided on this website for your perusal:
- Definitions of Potential Risk – The risks already met and the unforeseen potential risks must be identified on the risk action plan with detailed description especially for the known risks.
- Source of Risk – Every risk has an origin which should be cleared out and described on the risk action plan in order to help the project managers in deciding what tactics to apply in order to decrease the impact of the risks.
- Prevention and Safety Measures – In order to minimize the occurrence of particular risk, as the saying goes, “Prevention is better than cure.” which not only applies to medical concerns but also to unexpected circumstances as well.
- Evaluation on Risk – Analyzing these risk and coming up with an effective response to diminish the impact of the potential risks to be prepared of.
- Contain Risk – Once the risk is met, it is best to contain and to monitor risk in order to see the impacts received after meeting these risks.
Risk Reduction Action Plan Template
Risk Treatment Action Plan
Risk Monitoring Action Plan
Event Risk Template in PDF
Program Risk Action Plan
Outline of a Risk Action Plan
The following is the outline businesses used in creating a risk action plan for their projects as illustrated on the samples of plan template in PDF format provided on this website:
- Risk and its Effects – Similar to the strategic action plan template example, a risk action plan states the problems it may face in the form of the risks and the corresponding effects.
- Percentage of Probability – There must be a measurement of the occurrence of the risk for the project manager to know what to expect in the course of project activities.
- Impact of the Risk – The description on what the impact would be to the project is recorded on the plan which will serve as the expectation of the project manager as to the effects of the risks.
- Priority Measurement – The risk is measured based on how high the impact and the probability of the risk is. The higher the risk, the higher the priority.
- Risk Response – This include the actions to be taken to alleviate or to reduce the risk.
For any business or project, being prepared for any circumstance is essential in order to know what to do once the unexpected happens. In this regard, look into these risk action templates to aid you in devising the risk action plan you need.