Risk Management Tool
Originally published: 12/09/2020 19:04
Last version published: 19/09/2022 11:33
Publication number: ELQ-28310-4
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Risk Management Tool

A template for keeping a register of hazards and risks at the workplace and for tracking risk controls

Maintaining a safe and secured workplace begins with hazard identification and risk assessment and effective follow up on controls. The entire process can be captured on a risk register and then reviewed regularly to account for changes in risk factors such as new hazards, new employees, new equipment etc. in order to ensure that controls continue to remain effective. SHEQXEL Risk Assessment Tool makes all of the above possible in the most user friendly way. SHEQXEL Risk Management Tool is a simple template for keeping a register of hazards and risks at the workplace (or related to a project) and the risk controls to ensure that risks are reduced level that are As Low As Reasonably Practicable (ALARP).The template has these features;The Approved list for users to pre-define their data by updating their departments or locations, risk categories and risk matrix to be used in the risk register. The Risk Register provides a very structured format for updating departments or locations, activities, persons at risk, risk categories, hazards, consequences, initial risk analysis, mitigations, final risk analysis, persons responsible, close out dates and approvals to fulfill the requirements of an effective risk assessment tool. Risk analysis sections have been conditionally formatted to reflect the color codings of the risk matrix.The Risk Control Tracker provides a template for following up on risk controls and providing progress updates on controls that are pending or awaiting implementation. This template is designed for easy selection of Risk ID to automatically populate the departments or locations, hazards, mitigations, No. of controls pending, person responsible and % of controls completed. Users are only required to manually provide the No. of Controls, No. of Controls completed and details of Pending Controls and Progress Update on Pending Controls.The Dashboard features progress chart to visualize overall risk control level, target column chart to visualize risk control level for various risk categories, bar charts to visualize risk controls pending, % of risk controls implemented and the status of risk controls raised vs. completed; and lastly a 100% column stack chart to visualize the various risk levels after mitigations have been implemented.The Various Sheets comprise Controls Pending, the % of Risk Controls Implemented, the Status of Risk Controls, the Overall Risk Control Level and the Risk Profile. The risk profile gives an update on the various risk levels an organization tolerates as acceptable after mitigations have been put in place. This gives an indication of an organization’s risk appetite. This is a Microsoft excel file hence no installation is required and can run on both Windows and Mac with Microsoft Excel 2013 (+ Later Versions)

This Best Practice includes
1 excel file, 3 PDFs

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A template for keeping a register of hazards and risks at the workplace and for tracking risk controls

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