This white paper describes a risk model for operations risks. This risk model is at the highest level of planning. It is based on
- HB 203 environment-related risk
- HB 436 Risk management guidelines
- AS/NZS ISO 31000 Risk management set
identifies five by five levels of indicators and five levels of risk. It promotes 25 indicators for historical recording over time. It shows qualitative and quantitative models and likely grouping for treatment using colour coding. It assigns responsibility for operations risk to four levels of management. It gives examples of 35 exposures under 8 categories of operations risk based on WGOR/1. International corporate planning document.
Risk model for operations risks.