Risk Analysis and Review
Example BoK RAR #3
1. What was performed?
Identify potential threats as a basis for discussion within the core Group and organised and conducted a workshop to further identify, validate and rate the threats based on likelihood and impact. Creation of a risk register to document the outputs of discussion.
2. When was it done?
January 202x to April 202x and on-going
3. How was it carried out?
- Identified within the smaller cross-functional groups what are potential incidents/ threats that will disrupt the plant’s critical business functions. This serves as an initial list to spark discussion on potential threats.
- List of threats includes fire, flood, chemical spillage, staff absenteeism, pandemic outbreak
- Organised workshop with key operations and management staff to brainstorm on potential threats to the plant’s operations and validate the results on the threats identified by the core Group earlier.
- Identified the likelihood of occurrence and the impact on operations should each of the threats occur
- Conducted Risk Assessment exercise to identify top few threats affecting the operations
- Assessed the existing risk treatments/ mitigation actions currently in place.
- Reviewed the adequacy and potential areas of improvements
- Documented all discussions in a risk register for reporting to Management and audit trail purposes
- Prepared and summarised risk matrix to and presented findings to Management
| Note to Applicant: This feature is meant to assist the applicant and if direct duplication of its content will be regarded by the institute as plagiarism as this is intended to be a sample to assist and not to be copied and modified directly. |
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| BCM Institute reserved the right to reject your application if this action continues as it does not reflect your true experience or it does not truly demonstrate that you have the necessary experience. |