Organisational Risks

NameInterested PartySourceIssuesRisk OpportunityInitial Rating Needs & ExpectationsResidual RatingExisiting ControlsAction
CompetitionDirectors & Owners ShareholdersExternalPerformance of CompetitionOpportunityMediumImpacts of Activities of Competition Efffectively Managed
Poor Competitor Offers Opportunities
LowMarket Awareness
Effective Service Provision
Effective Customer Management
Monitor
CompetitionDirectors & Owners ShareholdersExternalPerformance of CompetitionRiskMediumImpacts of Activities of Competition Efffectively ManagedLowEffective Management of Customer Satisfaction
Addition of Quality Certification
Monitor
Climate ChangeDirectors & Owners ShareholdersExternalEffects of Climate
Change - Extreme
Weather Conditions
RiskLowChanging weather patterns may affect transport arrangements.LowNo Controls Required. Additional storage available if necessary.Satisfactory
Climate ChangeRegulatory AuthoritiesExternalEffects of Climate
Change
RiskLowMeet the updated
requirements of
Clauses 4.1 & 4.2
of the ISO
Standards
LowClimate Change deemed not to be a significant issue for the operations of RRIT. No interested parties have been identified with Climate Change as a requirement.Monitor
Contractual and Other DisputesDirectors & Owners ShareholdersInternalFinancial ExposureRiskHighLow exposure to:
Financial Loss
Reputational Loss
LowMaintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
Contractual and Other DisputesDirectors & Owners ShareholdersInternalDamage to ReputationRiskMediumLow exposure to:
Financial Loss
Reputational Loss
LowMaintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
CoronavirusDirectors & Owners ShareholdersExternalNo Longer Deemed to be an IssueLowThe effects of the Coronavirus outbreak be appropriately managed in all areas:
Supply Chain
Staff Availability
Financial Effects
LowEffective Management Systems
Coronavirus Management Plan
Strong Financial Position
Improved Hygiene
Satisfactory
Critical FunctionsDirectors & Owners ShareholdersInternalResource AvailabilityRiskHighSkills & Equipment Available When Required.Low
Broad Skill Base With Redundancy
Tasks Can Be Outsourced If Required
Backup of essential data.
Low dependance on equipment.
Monitor
Customer PerceptionDirectors & Owners ShareholdersExternalReputation in MarketplaceOpportunityHighOn Time Delivery At Agreed Quality Standards
Good Performance Offers Opportunities
LowEffective Operational Processes
Diverse Customer Base
Effective Management of Customer Satisfaction
Effective Corrective Action Process
Satisfactory
Environmental IncidentsRegulatory AuthoritiesExternalMeet Statutory RequirementsRiskHighSuppliers comply with:
Documented operational practices
Statutory requirements
LowEffective Emergency Management
Toll
Effective Supplier Management
Regular Supplier Performance Evaluation
Toll
Monitor
Failure of Suppliers to Meet RequirementsClients, Allied Staff, End UsersExternalFailure of Suppliers to Meet RequirementsRiskHighSuppliers Deliver Expected OutcomesMediumEffective Supplier Management
Regular Evaluation of Key Suppliers:
Toll
TT Global
Monitor
Failure to Meet Legislated RequirementsRegulatory AuthoritiesExternalCompliance with Legislated RequirementsRiskMediumAll identified requirements are met.LowLegal Compliance Procedure
Maintenance of Good Corporate Governance
All Appropriate Insurances in Place
Monitor
Human Error/Employee SkillClients, Allied Staff, End UsersExternalAccuracy of InformationRiskMediumEmployees have the necessary skills to meet requirements.LowEffective Training/Competency Management
Low staff turn over
Monitor
Impacts of InnovationDirectors & Owners ShareholdersExternalNew TechnologiesOpportunityMediumEffect of Changes in Technology ManagedLow
Strategic Awareness of Market/Technology Trends
Satisfactory
Incorrect Disposal PracticesClients, Allied Staff, End UsersExternalCorrect Disposal of Recycled ItemsRiskHighDisposal suppliers dispose of goods correctly.LowSelection of reputable disposal suppliers.
Use of Suppliers Disposal Declaration
Regular Supplier Performance Review
Monitor
Injury/Property DamageDirectors & Owners ShareholdersInternalStaff SafetyRiskLowSafe Methods of WorkLowLow Risk ActivitiesSatisfactory
Negative Impacts of InnovationDirectors & Owners ShareholdersExternalNew TechnologiesRiskMedium
Effect of Changes in Technology Managed
LowStrategic Awareness of Market/Technology TrendsMonitor
Poor Customer PerceptionClients, Allied Staff, End UsersExternalDamage to ReputationRiskHighOn Time Delivery At Agreed Quality StandardsLowEffective Operational Processes
Diverse Customer Base
Effective Management of Customer Satisfaction
Effective Corrective Action Process
Monitor
ProfitabilityDirectors & Owners ShareholdersInternalReturn on InvestmentRiskHighBusiness meets financial expectations.LowEffective Operational Processes
Effective Customer Management
Effective Management System
Monitor
ProfitabilityStaffInternalFinancial StabilityRiskMediumOngoing EmploymentLowEffective Operational Processes
Effective Customer Management
Effective Management System
Monitor
Specialised Skills – Succession Planning/Talent ManagementDirectors & Owners ShareholdersInternalStaff AvailabilityRiskHighBusiness Effectiveness maintained during staff changes.MediumGradual change over of responsibilities.
Ongoing Development of Skills Base
Effective Training
Monitor
Specialised Skills – Succession Planning/Talent ManagementDirectors & Owners ShareholdersInternalStaff AvailabilityRiskMediumResources available when required.LowOngoing Development of Skills Base
New staff hired.
Effective Training
Satisfactory
Transport - Spillage as a Result of Collision....Regulatory AuthoritiesExternalEnvironmental IncidentsRiskHighNo Environmental IncidentsLow
Selection of suitable transport supplier.
Toll
Supplier Management.
Regular Supplier Performance Evaluation
Satisfactory

Risks Register