Risk Management Policy Template

The purpose of this policy is to outline the procedures in finding, assessing and minimising potential risks.

Having a risk management policy is important for several reasons:

• Governance: Risk management policies help make informed and effective decisions. When potential risks and their consequences are identified, they can be planned for and even mitigated.
  
• Legal Compliance: Ensuring compliance with Work Health and Safety Laws can help avoid legal issues and damage to reputation.
• Operational Efficiency: Anticipating and managing operational risks helps minimize disruption.
• Strategic Planning: Risk management is a key part of strategic planning, when considering new initiatives it's important to analyze the risks involved to mitigate them.
  

This policy is constantly in use as everything we do has some aspect of risk management, for example, ergonomic furniture or material data safety sheets.