Key risks handling plans Sample Clauses

Key risks handling plans. Upon completion of the risk survey and forming of the risk map the plan to handle the key risks identified will be formed. The main purpose of the handling plan is to define individual work plans to implement mitigation, monitoring and control actions on the key risks determined. The handling plan will be derived from the risk factors identified and will include for each recommended control or action a definition of timetables for implementation, prioritization and the agent responsible. Here is an example of the handling plan format at the individual agent level: Key risk no. XXX - <risk definition> Risk subject Risk definition Risk manager Risk factors Risk explanation Risk history - as of XXX Impact of the risk Risk severity Key risk no. XXX - <risk definition> (cont.) Risk factor no. 1 - XXX Existing actions pertaining to the risk factor:
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