Emerging Risk Reporting
Emerging risks can be regarded as new risks that may be an imminent threat. These could include possible changes to the regulatory environment, the internal landscape or social trends. Below find a table to be utilised to record any new or emerging risks facing the institution. This information will also be utilised in the risk reporting process of the institution.
Event |
Emerging risk |
Identifying manager |
Department / Section |
Way forward |
A description of the event needs to be recorded in this column. |
A description of the risk needs to be recorded in this column. It is important to ensure that the description of the risk is accurately recorded. |
Either the name of the manager or the position held within the institution needs to be recorded here. This will ensure that any additional queries regarding the emerging risk can be addressed by the appropriate person.
|
The department / section of the employee must be recorded here. |
The risk response needed to be developed to manage the identified emerging risk needs to be recorded here. |
Increase in fuel price |
Client service visits curtailed which will effect the quality of service delivery |
Service Delivery Manager |
Service Delivery |
Perform financial modelling to determine the frequency of visits that can be undertaken at different levels of fuel prices above R10.
|
Power outage |
Downtime of systems |
ICT Manager |
ICT |
Investigate the capability of generators to cope with extended outages.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98 EMERGING AMPHIBIAN DISEASES IN QUEENSLAND FINAL REPORT FOR
AN UPDATE ON EMERGING DRUGS FOR ASTHMA GARRY M
APCDA SCHOLARSHIPS MARTHA RUSSELL SCHOLARSHIP OR EMERGING LEADER SCHOLARSHIP
Tags: emerging risk, identified emerging, emerging, reporting, risks, regarded