Table 1
An example of the features of a model risk register
| Risk category | Impact on service | Frequency likelihood | Risk priority | Controls | Residual risk |
|---|---|---|---|---|---|
| 1 Clinical | 1 Catastrophic | 1 Almost certain | 1 Very high | 1 Management | 1 Weak |
| 2 Financial | 2 Major | 2 Likely | 2 High | 2 Policies/procedures | 2 Incomplete |
| 3 Operational | 3 Moderate | 3 Moderate | 3 Significant | 3 Contingencies | 3 Adequate |
| 4 Strategic | 4 Minor | 4 Unlikely | 4 Moderate | 4 Active controls | 4 Strong |
| 5 Human resources | 5 Insignificant | 5 Rare | 5 Low | 5 Passive controls | 5 Over controlled |
| 6 Environmental | |||||
| 7 Reputation |
