Fortify Your Business Against Unexpected Hazards
Operational risks can quickly escalate from isolated issues into major disruptions. This downloadable workbook helps you conduct a more structured operational risk assessment across your organization to identify vulnerabilities, evaluate likelihood and impact, prioritize mitigation efforts, and strengthen resilience over time.
Inside the template, you’ll get:
- A getting-started tab with step-by-step instructions for assigning stakeholders, documenting operational risks, prioritizing them in a risk matrix, assessing mitigation controls, and maintaining the assessment over time
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- An executive summary worksheet to capture your highest-priority risks, associated impacts, current or proposed controls, stakeholder notes, and key takeaways
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- A team members tab to identify operational risk stakeholders across departments and document their roles, contact information, and work locations
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- A risk analysis worksheet to document operational risks and rate their likelihood along with IT, cybersecurity, physical, strategic, employee, legal or regulatory, brand reputation, and financial impacts
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- A risk matrix tab to plot risks based on likelihood and average impact so you can determine which issues deserve the most immediate attention
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- A mitigation controls analysis worksheet to document current controls, assess their effectiveness, and identify additional measures or strategies
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- An incident log to track operational disruptions, their impacts, and your response so future versions of the assessment reflect real events
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