This checklist aims to identify and assess potential operational risks within the organization to ensure smooth business operations and compliance with safety standards.
List down all potential operational risks that could affect the business, including equipment failure, supply chain disruptions, and staffing issues.
Assess the potential impact of each identified risk on business operations, categorizing them as low, medium, or high impact.
Estimate the likelihood of each risk occurring, using a similar categorization of low, medium, or high probability.
Create strategies to mitigate each identified risk, focusing on prevention, response, and recovery plans.
Assign team members responsible for monitoring and managing each risk, ensuring accountability within the team.
Schedule regular reviews of the checklist to update risk assessments and mitigation strategies as needed based on changes in operations.