Five steps in the Risk Management Toolkit
Before you begin the steps
Before you begin working through the five steps, read through the sections about how to:
Five-step risk management process
Following the instructions in each of the five steps below will help you to develop a comprehensive risk management plan for your organisation.
Each step of the Risk Management Toolkit has resources tailored specifically for the sport and recreation sector. You can download these resources from the website and adapt them to suit your organisation.
Step 1: Develop a risk management policy
In Step 1 you will document how your organisation will support a risk management process. On completing this step you will have a risk management policy.
Step 2: Establish your operating environment
In Step 2 you will identify the external and internal operating environment of your organisation so you can manage risks in your specific environment. On completing this step you will have a document that identifies your organisation’s overall operating environment.
Step 3: Assess your risks
In Step 3 you will assess the risks for your organisation based on your operating environment. On completing this step you will have a risk profile of your organisation’s low, medium and high risks.
Step 4: Treat your risks
In Step 4 you will develop an action plan to manage the highest-ranked risks for your organisation. On completing this step you will have an action plan for treating each of your most highly ranked risks, including who is responsible for managing each risk.
Step 5: Monitor and review your risks
In Step 5 you will learn about monitoring and reviewing your progress in managing risk in your organisation. By implementing ongoing monitoring and reviewing you will ensure the risk management process is embedded in your organisation.