Risk management documentation

Risk reports

The University template for reporting on risk has been developed with a view to limiting the report on each risk to a single page and focusing only on the key information. 

Schools and Non-School Institutions are required to use the online risk management system 4risk, which is structured in a similar way to the template, when preparing their institutional risk registers. Other institutions (Departments, Faculties etc.) are encouraged to make use of the template in order to provide a common framework for assessing risk across the University.

Bowtie analysis

A bowtie analysis can be used to support the risk identification and assessment process, to underpin preparation of the risk reports above. Please contact the risk management team if you would like further guidance in using this tool.

Risk scoring

A guidance document on how to determine scores for impact and likelihood is provided below, to assist risk owners and managers in assessing their risks in a way that is consistent across the University. 

A 5 x 5 scale for impact and likelihood is used, with the combined scores ranging from 1 to 25. Risk scores are indicative, and can be plotted on the heatmap shown in the scoring guidance to determine the severity of the risk and indicate the overall risk status.