Step 1: Develop your risk management policy

How to use the Risk Management Policy Template?

We have filled in some of the template with content specific to an organisation within the sport and recreation sector. Credit: Phil Walters

Fill in your organisation’s details in the highlighted parts of the template. You can also adapt the other content so it is more specific to your organisation.

Risk Management Policy Template (DOC, 35 Kb)

What is a risk management policy?

A risk management policy is a brief document that explains the principles your organisation will follow for managing risk. The policy also outlines the process for managing risk, and who is responsible for the different aspects of risk management in your organisation.

Having a risk management policy is a formal way of showing that your organisation is committed to managing risk. You can refer to the policy whenever you have a question about the risk management process and responsibilities.

Review your risk management policy and update it regularly.

What information is in a risk management policy?

Include this information about your organisation in the policy.

• What are your strategic objectives?
• How do you plan to achieve your objectives?
• What is your commitment to risk management?
• What is your risk tolerance?
• What is your risk management process?
• Who is responsible for risk management?
• What training will be provided for staff responsible for risk management?

» Go to Step 2: Establish your operating environment