Organisational Risks

Interested PartySourceIssues and Related Needs & ExpectationsRisk OpportunityIssue Rating Impact on BusinessImpact RatingExisiting ControlsAction
Clients, Allied Staff, End UsersExternal1 - Meet Contractural Requirements
2 - On Time Service
RiskHighFinancial PenaltiesHigh1 - Process Monitoring
2 - Service Rrecords
3 - Internal audits and corrective action procedures
Monitor
Clients, Allied Staff, End UsersExternalCertified SystemsRiskMediumLoss of BusinessMediumInternal Audit Program, Surveillance Audits, Management ReviewMonitor
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 - 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
5 - Relevant industry training
6 - Mandatory Licensing & Authorisations
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/ShareholdersInternalEffects of TechnologyRiskMedium1 - Failure to keep up with technological changes
2 - Loss of business
Medium1 - Capital investment
2 - Review & implement new technology
Satisfactory
Directors & Owner/ShareholdersInternalEffects 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
Directors & Owner/ShareholdersInternalResourcesRiskHighLoss of Business1 - Multiple approved suppliers for critical materials.
2 - Ongoing purchases of plant as business grows.
3 - Efficient project implementation plan, methodology, and resource most productive workers and machine operators.
4 - Competent Staff.
Directors & Owner/ShareholdersExternalWHS ComplianceRiskHighFinancial PenaltiesHigh1 - Effective Hazard Management Processes
2 - WHS Policy
3 - Compliance Evaluation
Monitor
Regulatory AuthoritiesExternalMeet Statutory RequirementsRiskMediumFinancial PenaltiesMediumEffective Identification of RequirementsSatisfactory
Regulatory AuthoritiesExternalMeet Statutory RequirementsOpportunityMediumReduced PremiumsMedium1 - Effective Identification of Requirements
2 - Effective Management Processes
Satisfactory
Regulatory AuthoritiesExternalEnvironmental ComplianceRiskHighFinancial PenaltiesHigh1 - Effective Environmental Processes
2 - Environmental Policy
3 - Compliance Evaluation
Monitor
Regulatory AuthoritiesExternalMeet the updated requirements of Clauses 4.1 & 4.2 of the ISO StandardsRiskMediumNil ImpactsLow1 - Climate Change deemed not to be an issue for the operations of Emora.
2 - No interested parties have been identified with Climate Change as a requirement.
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 - Effective Risk Management
3 - Adherence to documented work methods - SWMS
4 - Effective Training
5 - Evaluation of Compliance
Monitor

Risks Register