Operational Risk Assessment Checklist ( OPERATIONS )

This checklist aims to identify and assess potential operational risks within the organization to ensure smooth business operations and compliance with safety standards.

• Identify Operational Risks

  List down all potential operational risks that could affect the business, including equipment failure, supply chain disruptions, and staffing issues.

• Evaluate Risk Impact

  Assess the potential impact of each identified risk on business operations, categorizing them as low, medium, or high impact.

• Determine Risk Likelihood

  Estimate the likelihood of each risk occurring, using a similar categorization of low, medium, or high probability.

• Develop Mitigation Strategies

  Create strategies to mitigate each identified risk, focusing on prevention, response, and recovery plans.

• Assign Responsibility

  Assign team members responsible for monitoring and managing each risk, ensuring accountability within the team.

• Review and Update Regularly

  Schedule regular reviews of the checklist to update risk assessments and mitigation strategies as needed based on changes in operations.