Operational Risk Management Template

More transport templates

Ensure the safety and efficiency of your transport operations by implementing a comprehensive operational risk management plan. This template guides you through the process of identifying, monitoring, and mitigating potential risks using Priority Matrix's powerful task prioritization features.

By following this structured approach, you can prioritize and manage risks effectively, ensuring compliance with regulations and enhancing overall operational safety.

Get this template on priority matrix

Operational Risk Management for Priority Matrix

Operational Risk Management in Priority Matrix

Effectively manage and mitigate operational risks in the transport industry with a structured approach.

You can start using Operational Risk Management or other Transport Project Templates with Priority Matrix in just a few steps:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer to use the Mac and Windows app download Priority Matrix and take your data with you
If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.


Proposed Tasks

Critical and Immediate

  • Conduct internal audits
    ☐ Plan and schedule audits ☐ Conduct audits to assess risk management effectiveness ☐ Report findings and recommendations
  • Identify potential operational risks
    ☐ Conduct a risk assessment ☐ Identify potential hazards ☐ Estimate the likelihood and severity of each risk
  • Monitor regulatory changes
    ☐ Monitor changes in transport regulations ☐ Assess impact on operations ☐ Update risk management plan as needed

Critical but not Immediate

  • Develop a risk management plan
    ☐ Define risk mitigation strategies ☐ Create a contingency plan for each identified risk ☐ Assign responsibilities for implementing the plan
  • Implement risk mitigation strategies
    ☐ Implement strategies outlined in the risk management plan ☐ Monitor effectiveness ☐ Adjust strategies as needed
  • Set up a risk monitoring system
    ☐ Define key risk indicators ☐ Set up a system for tracking these indicators ☐ Establish a reporting schedule

Not Critical but Immediate

  • Communicate risk management policies
    ☐ Communicate policies to all staff ☐ Ensure understanding and compliance ☐ Address any questions or concerns
  • Train staff on risk management procedures
    ☐ Develop a training program ☐ Deliver training to all relevant staff ☐ Monitor the effectiveness of the training

Not Critical or Immediate

  • Engage stakeholders in risk management
    ☐ Engage staff, management, and other stakeholders ☐ Communicate the importance of risk management ☐ Encourage active participation
  • Review and update the risk management plan
    ☐ Review the plan regularly ☐ Update the plan based on changes in operations or risk profile ☐ Communicate any changes to relevant staff