Organisational Risks

Interested PartySourceIssues and Related Needs & ExpectationsRisk OpportunityIssue Rating Impact on BusinessImpact RatingExisiting ControlsAction
Clients, Allied Staff, End UsersExternal1 - Meet Contractural Requirements
2 - Warranty Issues
3 - On Time Delivery
RiskHighFinancial PenaltiesHigh1 - Process Monitoring
2 - Service Rrecords
3 - Internal audits and corrective action procedures
Monitor
CommunityExternalGood Corporate CitizensOpportunityMedium1 - Improved Reputation
2 - Increased Business
Medium1 - Effective Management Systems
2 - Certified Management Systems
Satisfactory
Directors & Owner/ShareholdersInternalMaintain ProfitabilityRiskHighBusiness Growth & SustainabilityHigh1 - Effective Management Processes
2 - Ongoing monitoring of financial reports
Monitor
Directors & Owner/ShareholdersExternalMeet/Exceed Product Quality RequirementsRiskHighProfitabilityHigh1 - Process Monitoring
2 - Service Rrecords
3 - Internal audits and corrective action procedures
Monitor
Directors & Owner/ShareholdersExternalCompetitorsRiskHighChanging landscape / loss of businessMediumOngoing review of market conditions.Monitor
Directors & Owner/ShareholdersExternalCompetitorsOpportunityMediumIncrease in businessHighOngoing review of market conditions.Monitor
Directors & Owner/ShareholdersExternalMeet/Exceed Product Quality RequirementsOpportunityHighIncrease in businessHighContinual ImprovementMonitor
Directors & Owner/ShareholdersExternalSatisfactory Supplier PerformanceRiskHigh1 - Poor quality of service
2 - Missed deadlines
3 - Defects/warranty claims
4 - Loss of Reputation
High1 - Effective Supplier Management
2 - Approved service providers
3 - SLAs, contracts and agreements
4 - Clear statement fo requirements
Monitor
Directors & Owner/ShareholdersExternalSatisfactory Subcontractor PerformanceRiskHigh1 - Poor quality of service
2 - Missed deadlines
3 - Defects/warranty claims
4 - Loss of Reputation
High1 - Effective Sucontractor Management
2 - Approved service providers
3 - SLAs, contracts and agreements
4 - Clear statement fo requirements
Monitor
Directors & Owner/ShareholdersInternalAvailability of Critical SkillsRiskHigh1 - Poor quality of service
2 - Missed deadlines
3 - Defects/warranty claims
4 - Loss of Key Staff
5 - Staff unable to complete tasks affecting quality and customer requirements
High1 - Sound recruitment practices
2 - Identify training opportunities
3 - Identify key tasks, provide training and assess competency
4 - Adequate planning and allocation of tasks
Monitor
Directors & Owner/ShareholdersInternalSafe Methods of WorkRiskHigh1 - Harm to staff through poor safety
2 - Injuries / lost time
3 - Financial penalties
High1 - Effective WHS Management
2 - Compliance with legislation
3 - Monitor safety perfromance
Monitor
Directors & Owner/ShareholdersInternalAdequate SecurityRiskMedium1 - Damage to property
2 - Physical break-ins
3 - Theft
4 - Insurance claims
Medium1 - Alarm system
2 - Building security
3 - Security patrols
Satisfactory
Directors & Owner/ShareholdersInternalEffective IT Systems - Access to Critical Business InformationRiskMedium1 - Interruption to business
2 - Unauthorized access to data
3 - Loss of data
4 - Virus attack
Medium1 - Regular offsite backups
2 - DRP systems tested.
3 - Password systems, access and security.
4 - Anti-virus software
Satisfactory
Directors & Owner/ShareholdersInternalEffectis of TechnologyRiskMedium1 - Failure to keep up with technological changes
2 - Loss of business
Medium1 - Capital investment
2 - Review & implement new technology
Satisfactory
Directors & Owner/ShareholdersInternalEffectis of TechnologyOpportunityMediumIncrease market share with new technology or products / servicesMedium1 - Capital investment
2 - Review & implement new technology
Satisfactory
Directors & Owner/ShareholdersExternalSatisfied CustomersOpportunityHigh1 - Improved Reputation
2 - Increased Business
High1 - Monitoring of Customer Satisfaction
2 - Effective Corrective Action Processes
Monitor
Regulatory AuthoritiesExternalMeet Statutory RequirementsRiskMediumFinancial PenaltiesMediumEffective Identification of RequirementsSatisfactory
Regulatory AuthoritiesExternalMeet Statutory RequirementsOpportunityMediumReduced PremiumsMedium1 - Effective Identification of Requirements
2 - Effective Management Processes
Satisfactory
Regulatory AuthoritiesExternalMeet the updated requirements of Clauses 4.1 & 4.2 of the ISO StandardsRiskMediumNil ImpactsLow1 - With the exception of adverse weather, Climate Change deemed not to be an issue for the operations of Ages Build.
2 - No interested parties have been identified with specific, documented Climate Change requirements.
3 - NSW Education has requirements around projects which mat be affected by adverse weather.
Satisfactory
StaffInternalJob SatisfactionRiskHigh1 - Poor quality of service
2 - Missed deadlines
3 - Defects/warranty claims
4 - Loss of Key Staff
5 - Staff unable to complete tasks affecting quality and customer requirements
High1 - Sound recruitment practices
2 - Identify training opportunities
3 - Identify key tasks, provide training and assess competency
4 - Adequate planning and allocation of tasks
Monitor
StaffInternalSafe Methods of WorkRiskHigh1 - Harm to staff through poor safetyHigh1 - Effective WHS Management
2 - Adherance to documented work methods
3 - Effective Training
Monitor
SubcontractorsExternalOngoing Regular BusinessRiskHighUnavailability of Preferred SubcontractorsHigh1 - Effective Sucontractor Management
2 - Approved service providers
3 - Clear statement fo requirements
Monitor
SubcontractorsExternalOngoing Regular BusinessRiskHighUnavailability of Preferred SubcontractorsHigh1 - Effective Sucontractor Management
2 - Approved service providers
3 - Clear statement fo requirements
Monitor

Risks Register