Risk Treatment Plan

Area/Department Risk Register ID

Date Treatment Developed Risk Category

Risk Owner Treatment Owner

Risk Control Risk Treatment

Monitor & Review Implementation Status
Description Effectiveness
Treatment Action Responsibility Implementation Date

Risk Treatment Plan Page 1 of 2

Provide a Provide the last Selecting the most appropriate treatment Assign person to Agreed timeframes must Consideration must be Provide a status with
description of known control option involves balancing the costs and authorise the time and be establishing to outline given to how risk regard to implementation
what the risk effectiveness efforts of implementation against the resources required for when risk treatment will treatment will be progress (e.g. not started,
is. rating (e.g. high, benefits derived. Factors such as legal, risk treatment. be achieved and monitored to assess in progress or
medium or low). regulatory, the natural environment and completed. whether the treatment completed).
social corporate responsibility must also be is effective.
Assign person must
considering when deciding on treatment
The frequency and
implement the risk
options.
method of how
treatment.
Some examples of treatment options are: progress against
treatment plans is
 Avoiding the risk by deciding not to
reported must be
start or continue the activity that gives
defined.
rise to the risk
 Taking or increasing the risk in order to
pursue an opportunity
 Removing the risk source
 Changing the likelihood
 Changing the consequence
 Sharing the risk with another party
 Retaining the risk by informed decision

Disclaimer

© 2015 VMIA.

The information provided in this document is intended for general use only. It is not a definitive guide to the law, does not constitute formal advice, and does not take into consideration the particular circumstances and
needs of your organisation. Every effort has been made to ensure the accuracy and completeness of this document at the date of publication. VMIA cannot be held responsible and extends no warranties as to the
suitability of the information in this document for any particular purpose and for actions taken by third parties.

Appendix L – Risk Treatment Template Page 2 of 2