Operations Risk Assessment Form
Begin by providing a comprehensive description of the operation or process under assessment. Identify and list all potential risks associated with the operation in the next section. Take into consideration financial, operational, and compliance risks that may impact your organization.
In the likelihood and impact assessment, evaluate the probability and potential consequences of each identified risk on a scale of 1 to 5. Refer to the legend provided below for guidance:
Legend
1: Rare - Highly unlikely to occur.
2: Unlikely - Possible, but not expected.
3: Possible - May occur under certain conditions.
4: Likely - Probable occurrence.
5: Almost Certain - Expected to occur.
Risk Assessment
Operation/ Process | Risk Factor | Likelihood (1-5) | Impact (1-5) | Overall Risk (Likelihood x Impact) |
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Financial Process | Market Fluctuations | 3 | 4 | 12 |
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Risk Mitigation
Market Fluctuations - Financial Process
Given the moderate likelihood (3) and significant impact (4) of market fluctuations on the financial process, a robust risk mitigation plan is imperative.
Diversification: Spread investments across various markets to minimize the impact of fluctuations in any single market.
Hedging Strategies: Implement hedging instruments to protect against adverse market movements.
Continuous Monitoring: Regularly monitor market trends and adjust investment strategies accordingly.
Assessor Information
Assessor Name: [Assessor's Name]
Position: [Assessor's Position]
Date of Assessment: [Month Day, Year]
Contact Information: [Assessor's Email/Phone]
Thank you for your diligent completion of this form. Your insights and proactive approach contribute to maintaining a secure and efficient operational environment. Should you have any questions or require further assistance, please contact [Your Company Name] at [Your Company Email].
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