Once risks have been identified via the risk assessment process, those that require it must be managed in an appropriate manner.

This will mean addressing any issues identified via a plan which both identifies and prioritises any necessary actions to be taken and who should take them.

An action plan may contain a number of prioritised items, such as;

• Management should address those matters identified as being the most serious
• Management and Responsible Persons should consider improvements that can be done quickly, perhaps as a temporary solution until more reliable controls are in place
• Responsible Persons should impletemet low cost "quick fixes" locally immediately
• Management must consider, budget for and implement longer term solutions
• Management and Responsible Persons should assess training requirements perhaps allied to risk control
• Management and Responsible Persons should make arrangements to ensure controls stay in place
• Clear responsibilities – who is responsible for what action, and by when.

Riskmonitor has extensive experience of managing action plans. Further in RAMIS you can employ a system which can radically improve the process of such management, and ensure that your plan stays firmly ‘on track’.

It can help you budget for improvement. It will monitor progress and compliance, and notify you if any part of this vital role of the risk assessment process fails.

If you need assistance with managing your risks, we can help - contact us.