{"id":257853,"date":"2026-01-27T16:10:43","date_gmt":"2026-01-27T08:10:43","guid":{"rendered":"https:\/\/chancellery.utm.my\/strategy\/?page_id=257853"},"modified":"2026-01-29T12:45:02","modified_gmt":"2026-01-29T04:45:02","slug":"risk-management","status":"publish","type":"page","link":"https:\/\/chancellery.utm.my\/strategy\/risk-management\/","title":{"rendered":"Risk Management"},"content":{"rendered":"

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In an increasingly complex and dynamic world, effective risk management is essential to organisational resilience and sustainable growth. Our comprehensive risk management services help the university identify, assess, and mitigate potential threats while capitalising on emerging opportunities.<\/span><\/p>\n

[\/et_pb_text][et_pb_button button_text=”Helped for Clean Water” disabled_on=”on|on|on” _builder_version=”4.25.1″ _module_preset=”_initial” custom_button=”on” button_text_size=”14px” button_text_color=”#FFFFFF” button_bg_color=”#0047ff” button_border_color=”RGBA(255,255,255,0)” button_border_radius=”50px” button_letter_spacing=”0.16em” button_font=”Inter|700||on|||||” button_icon=”$||divi||400″ button_on_hover=”off” custom_padding=”16px|50px|16px|40px|true|false” disabled=”on” locked=”off” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.25.1″ _module_preset=”_initial” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”About” _builder_version=”4.25.2″ _module_preset=”_initial” background_color=”gcid-2352d280-fe84-43b1-a71e-f400c35a526a” custom_margin=”||||false” custom_padding=”||||true|false” locked=”off” collapsed=”on” global_colors_info=”{%22gcid-2352d280-fe84-43b1-a71e-f400c35a526a%22:%91%22background_color%22%93}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” max_width=”900px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”_initial” global_colors_info=”{}”][et_pb_heading title=”understanding risk” _builder_version=”4.27.4″ _module_preset=”_initial” title_level=”h4″ title_font=”–et_global_heading_font|700||on|||||” title_text_align=”center” title_text_color=”#E09900″ title_font_size=”14px” title_letter_spacing=”0.2em” title_line_height=”1.6em” custom_margin=”||10px||false|false” title_font_size_tablet=”14px” title_font_size_phone=”13px” title_font_size_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_heading][et_pb_heading title=”Risk is the inherent uncertainty that accompanies every strategic decision. Defined by ISO 31000 as %22the effect of uncertainty on objectives%22, risk encompasses both potential setbacks and unexpected opportunities.” _builder_version=”4.27.4″ _module_preset=”_initial” title_level=”h3″ title_font=”–et_global_body_font|300|||||||” title_text_align=”center” title_text_color=”#FFFFFF” title_font_size=”36px” title_line_height=”1.2em” title_font_size_tablet=”24px” title_font_size_phone=”18px” title_font_size_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_heading][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider color=”#E09900″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row module_id=”about-logo” _builder_version=”4.27.4″ _module_preset=”default” max_width=”700px” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.2″ _module_preset=”_initial” global_colors_info=”{}”][et_pb_heading title=”Managing Uncertainty” _builder_version=”4.27.4″ _module_preset=”_initial” title_level=”h2″ title_font=”–et_global_body_font||||||||” title_text_align=”center” title_text_color=”#FFFFFF” title_font_size=”52px” title_line_height=”1.2em” custom_margin=”||10px||false|false” title_font_size_tablet=”32px” title_font_size_phone=”20px” title_font_size_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_heading][et_pb_text quote_border_color=”#FFFFFF” _builder_version=”4.27.4″ _module_preset=”_initial” text_font=”–et_global_body_font||||||||” text_text_color=”#000000″ text_font_size=”16px” text_line_height=”1.8em” link_font=”||||on||||” link_text_color=”#FFFFFF” ul_line_height=”1.8em” ol_line_height=”1.8em” quote_font=”Urbanist||||||||” quote_text_color=”#FFFFFF” quote_font_size=”24px” quote_line_height=”1.3em” header_font=”Urbanist||||||||” header_text_color=”#FFFFFF” header_font_size=”72px” header_line_height=”1.1em” header_2_font=”Urbanist||||||||” header_2_text_color=”#FFFFFF” header_2_font_size=”52px” header_2_line_height=”1.2em” header_3_font=”Urbanist||||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”36px” header_3_line_height=”1.2em” header_4_font=”Urbanist||||||||” header_4_text_color=”#FFFFFF” header_4_font_size=”24px” header_4_line_height=”1.3em” header_5_font=”Urbanist||||||||” header_5_text_color=”#FFFFFF” header_5_font_size=”20px” header_5_line_height=”1.4em” header_6_font=”Urbanist||||||||” header_6_text_color=”#FFFFFF” header_6_font_size=”16px” header_6_line_height=”1.4em” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|desktop” quote_font_size_tablet=”20px” quote_font_size_phone=”16px” quote_font_size_last_edited=”on|desktop” header_font_size_tablet=”40px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” header_2_font_size_tablet=”32px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|desktop” header_3_font_size_tablet=”24px” header_3_font_size_phone=”18px” header_3_font_size_last_edited=”on|desktop” header_4_font_size_tablet=”20px” header_4_font_size_phone=”16px” header_4_font_size_last_edited=”on|desktop” header_5_font_size_tablet=”18px” header_5_font_size_phone=”15px” header_5_font_size_last_edited=”on|desktop” header_6_font_size_tablet=”15px” header_6_font_size_phone=”14px” header_6_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n

Managing this uncertainty requires more than awareness; it requires structure. The Three Lines of Defence framework provides a clear and deliberate way to distribute responsibility, oversight, and assurance, ensuring risks are owned, supported, and independently reviewed in a coherent and effective manner.<\/span><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ custom_css_free_form=”.def-card .et_pb_main_blurb_image{ margin-top: -90px; }||||\/* Card base *\/||.def-card.et_pb_blurb{|| background: #fff;|| border-radius: 36px;|| padding: 56px 44px 44px;|| box-shadow: 0 18px 60px rgba(0,0,0,.10);|| position: relative;|| overflow: visible; \/* allow the icon to sit outside *\/||}||||\/* Move icon upwards (the %22floating%22 effect) *\/||.def-card .et_pb_main_blurb_image{|| position: relative;|| margin-top: -74px; \/* how high it floats *\/|| margin-bottom: 18px;|| z-index: 2;||}||||\/* Optional: make the icon look like a badge *\/||.def-card .et_pb_main_blurb_image .et-pb-icon{|| background: #fff;|| border-radius: 999px;|| padding: 16px;|| box-shadow: 0 10px 30px rgba(0,0,0,.10);||}||||.defence-card{|| transition: transform .18s ease, box-shadow .18s ease;||}||.defence-card:hover{|| transform: translateY(-4px);|| box-shadow: 0 22px 60px rgba(0,0,0,.12);||}||.defence-card {|| max-width: 720px;|| margin: 0 auto 48px;|| padding: 40px 48px;|| border-radius: 28px;|| background: #ffffff;|| box-shadow: 0 18px 48px rgba(0,0,0,.08);|| text-align: center;||}||||.defence-2 {|| background: #f4f6f8;||}||||.defence-1 .et_pb_blurb_icon { color: #1f7ae0; }||.defence-2 .et_pb_blurb_icon { color: #e36a2d; }||.defence-3 .et_pb_blurb_icon { color: #7a0e13; }” global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”First Line of Defence” use_icon=”on” font_icon=”||fa||900″ module_class=”defence-card defence-1″ _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

The First Line of Defence sits within daily operations and is directly responsible for managing risks as they arise in processes and activities. This line ensures risks are identified early, controls are applied consistently, and mitigation actions are executed effectively as part of normal business operations.<\/p>\n

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The Second Line of Defence oversees risk management by establishing frameworks, policies, and guidance. This line monitors the effectiveness of risk practices, reviews the quality of risk registers and mitigation actions, and ensures risks are escalated appropriately to support informed decision-making.<\/p>\n

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The Third Line of Defence provides independent assurance to leadership on the effectiveness of risk management and internal controls. This line validates whether risks are managed as intended and whether governance processes are operating effectively and objectively.<\/p>\n

[\/et_pb_blurb][et_pb_button button_url=”#” button_text=”Learn More” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”_initial” custom_button=”on” button_text_size=”14px” button_text_color=”#FFFFFF” button_bg_color=”#AA0120″ button_border_color=”RGBA(255,255,255,0)” button_border_radius=”50px” button_letter_spacing=”0.16em” button_font=”–et_global_heading_font|700||on|||||” button_icon=”$||divi||400″ button_on_hover=”off” background_layout=”dark” custom_padding=”16px|50px|16px|40px|true|false” custom_css_main_element=”width: 100%” locked=”off” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”Call to Action” _builder_version=”4.27.4″ _module_preset=”_initial” background_color=”RGBA(255,255,255,0)” background_enable_image=”off” custom_padding=”8vw||8vw||true|false” background_last_edited=”on|desktop” background_size_phone=”cover” locked=”off” collapsed=”on” global_colors_info=”{%22gcid-2352d280-fe84-43b1-a71e-f400c35a526a%22:%91%22background_color_gradient_stops%22%93,%22gcid-1f1bf5fb-a99d-4acc-8d9e-ddac074c158c%22:%91%22background_color_gradient_stops%22%93,%22gcid-4c79ba3d-a281-4fb6-9b14-02f9a4c793f2%22:%91%22background_color_gradient_stops%22%93,%22gcid-688c464a-d6f2-4296-b592-395352c71c79%22:%91%22background_color_gradient_stops%22%93,%22gcid-d119accd-44d7-4f2f-b9d7-599c8463324b%22:%91%22background_color_gradient_stops%22%93,%22gcid-9e22d70d-67ee-4430-bed3-4bc105d4ef1e%22:%91%22background_color_gradient_stops%22%93}”][et_pb_row module_id=”about-logo” _builder_version=”4.27.4″ _module_preset=”default” max_width=”700px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.2″ _module_preset=”_initial” global_colors_info=”{}”][et_pb_heading title=”ASSESSING RISK” _builder_version=”4.27.4″ _module_preset=”_initial” title_level=”h4″ title_font=”–et_global_heading_font|700||on|||||” title_text_align=”center” title_text_color=”#E09900″ title_font_size=”14px” title_letter_spacing=”0.2em” title_line_height=”1.6em” custom_margin=”||10px||false|false” title_font_size_tablet=”14px” title_font_size_phone=”13px” title_font_size_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_heading][et_pb_heading title=”Probability \u2715 Impact Matrix” _builder_version=”4.27.4″ _module_preset=”_initial” title_level=”h2″ title_font=”–et_global_body_font||||||||” title_text_align=”center” title_text_color=”#000000″ title_font_size=”52px” title_line_height=”1.2em” custom_margin=”||10px||false|false” title_font_size_tablet=”32px” title_font_size_phone=”20px” title_font_size_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_heading][et_pb_text quote_border_color=”#FFFFFF” _builder_version=”4.27.4″ _module_preset=”_initial” text_font=”–et_global_body_font||||||||” text_text_color=”#000000″ text_font_size=”16px” text_line_height=”1.8em” link_font=”||||on||||” link_text_color=”#FFFFFF” ul_line_height=”1.8em” ol_line_height=”1.8em” quote_font=”Urbanist||||||||” quote_text_color=”#FFFFFF” quote_font_size=”24px” quote_line_height=”1.3em” header_font=”Urbanist||||||||” header_text_color=”#FFFFFF” header_font_size=”72px” header_line_height=”1.1em” header_2_font=”Urbanist||||||||” header_2_text_color=”#FFFFFF” header_2_font_size=”52px” header_2_line_height=”1.2em” header_3_font=”Urbanist||||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”36px” header_3_line_height=”1.2em” header_4_font=”Urbanist||||||||” header_4_text_color=”#FFFFFF” header_4_font_size=”24px” header_4_line_height=”1.3em” header_5_font=”Urbanist||||||||” header_5_text_color=”#FFFFFF” header_5_font_size=”20px” header_5_line_height=”1.4em” header_6_font=”Urbanist||||||||” header_6_text_color=”#FFFFFF” header_6_font_size=”16px” header_6_line_height=”1.4em” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|desktop” quote_font_size_tablet=”20px” quote_font_size_phone=”16px” quote_font_size_last_edited=”on|desktop” header_font_size_tablet=”40px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” header_2_font_size_tablet=”32px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|desktop” header_3_font_size_tablet=”24px” header_3_font_size_phone=”18px” header_3_font_size_last_edited=”on|desktop” header_4_font_size_tablet=”20px” header_4_font_size_phone=”16px” header_4_font_size_last_edited=”on|desktop” header_5_font_size_tablet=”18px” header_5_font_size_phone=”15px” header_5_font_size_last_edited=”on|desktop” header_6_font_size_tablet=”15px” header_6_font_size_phone=”14px” header_6_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n

Risk assessment in UTM typically evaluates uncertainty through the combined lens of probability and impact. This approach helps distinguish between risks that are unlikely but severe and those that occur frequently with manageable consequences, enabling informed decision-making and proportionate risk responses.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][dmpro_image_hotspot img_src=”https:\/\/chancellery.utm.my\/strategy\/wp-content\/uploads\/sites\/17\/2026\/01\/Risk-Matrix-scaled.png” _builder_version=”4.27.4″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” positioning=”relative” z_index=”999″ custom_css_free_form=”.risk-tooltip {|| position: absolute;|| z-index: 9999;||}||” global_colors_info=”{}”][dmpro_image_hotspot_child use_hotspot_icon=”on” hotspot_icon=”l||divi||400″ hotspot_icon_color=”#000000″ hotspot_circle_icon=”on” hotspot_circle_color=”#EDF000″ hotspot_ripple_effect=”on” hotspot_ripple_effect_color=”#000000″ hotspot_position_vertical=”13.5%” hotspot_position_horizontal=”-0.5%” tooltip_title=”Risk Probability (P)” tooltip_desc=”Indicates how likely a risk is to occur within a defined time horizon. Probability is assessed based on frequency and historical patterns, not impact.” use_tooltip_arrow=”on” arrow_color=”#FFFFFF” tooltip_padding=”20px|20px|20px|20px|false|false” _builder_version=”4.27.4″ _module_preset=”default” tooltip_title_font=”–et_global_heading_font||||||||” tooltip_title_line_height=”1.2em” tooltip_desc_font=”–et_global_body_font||||||||” border_radii_tooltip_box=”on|15px|15px|15px|15px” border_color_all_tooltip_box=”#000000″ box_shadow_style_tooltip_box=”preset2″ global_colors_info=”{}”][\/dmpro_image_hotspot_child][dmpro_image_hotspot_child use_hotspot_icon=”on” hotspot_icon=”l||divi||400″ hotspot_icon_color=”#000000″ hotspot_circle_icon=”on” hotspot_circle_color=”#EDF000″ hotspot_ripple_effect=”on” hotspot_ripple_effect_color=”#000000″ hotspot_position_vertical=”94.5%” hotspot_position_horizontal=”76.5%” tooltip_title=”Magnitude of Impact (I)” tooltip_desc=”Indicates the extent of consequences if a risk occurs. Impact is assessed based on potential effects on objectives, operations, finances, reputation, and compliance.” use_tooltip_arrow=”on” arrow_color=”#FFFFFF” tooltip_padding=”20px|20px|20px|20px|false|false” _builder_version=”4.27.4″ _module_preset=”default” tooltip_title_font=”–et_global_heading_font||||||||” tooltip_title_line_height=”1.2em” tooltip_desc_font=”–et_global_body_font||||||||” border_radii_tooltip_box=”on|15px|15px|15px|15px” border_color_all_tooltip_box=”#000000″ box_shadow_style_tooltip_box=”preset2″ global_colors_info=”{}”][\/dmpro_image_hotspot_child][dmpro_image_hotspot_child use_hotspot_icon=”on” hotspot_icon=”l||divi||400″ hotspot_icon_color=”#000000″ hotspot_circle_icon=”on” hotspot_circle_color=”#EDF000″ hotspot_ripple_effect=”on” hotspot_ripple_effect_color=”#000000″ hotspot_position_vertical=”40%” hotspot_position_horizontal=”53%” tooltip_title=”Risk Ranking” tooltip_desc=”Risk ranking is determined by combining the Probability of Occurrence (P) and the Magnitude of Impact (I). The intersection of these two dimensions reflects the overall level of risk and helps prioritise management attention and response. The colour scale indicates the level:<\/p>\n

Low (Green)
\nModerate (Yellow)
\nSignificant (Orange)
\nHigh (Red)” use_tooltip_arrow=”on” arrow_color=”#FFFFFF” tooltip_padding=”20px|20px|20px|20px|false|false” _builder_version=”4.27.4″ _module_preset=”default” tooltip_title_font=”–et_global_heading_font||||||||” tooltip_title_line_height=”1.2em” tooltip_desc_font=”–et_global_body_font||||||||” custom_css_free_form=”z-index: 9999;||position: relative;” border_radii_tooltip_box=”on|15px|15px|15px|15px” border_color_all_tooltip_box=”#000000″ box_shadow_style_tooltip_box=”preset2″ global_colors_info=”{}”][\/dmpro_image_hotspot_child][\/dmpro_image_hotspot][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.27.4″ _module_preset=”default” z_index=”1″ global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Step 1: Understand the Context” image_icon_width=”50px” icon_alignment=”left” content_max_width=”100%” _builder_version=”4.27.4″ _module_preset=”_initial” header_font=”–et_global_body_font||||||||” header_text_color=”#E09900″ header_font_size=”24px” header_line_height=”1.3em” body_font=”–et_global_body_font||||||||” body_text_color=”#FFFFFF” body_font_size=”16px” body_line_height=”1.8em” background_color=”#072130″ positioning=”relative” z_index=”2″ custom_margin=”||30px||false|false” custom_padding=”40px|40px|40px|40px|true|true” custom_padding_tablet=”30px|30px|30px|30px|true|true” custom_padding_phone=”20px|20px|20px|20px|true|true” custom_padding_last_edited=”on|desktop” animation=”off” header_font_size_tablet=”20px” header_font_size_phone=”16px” header_font_size_last_edited=”on|desktop” body_font_size_tablet=”15px” body_font_size_phone=”14px” body_font_size_last_edited=”on|desktop” custom_css_free_form=”.et_pb_blurb {|| z-index: 1;|| overflow: visible !important;||}” border_radii=”on|30px|30px|30px|30px” locked=”off” global_colors_info=”{%22gcid-d7cd5a78-aaef-4f36-82a3-4d3706015cba%22:%91%22link_text_color%22,%22link_text_color%22,%22link_text_color%22,%22link_text_color%22%93,%22gcid-1f1b4e15-7cc6-4e13-8154-74d77a956460%22:%91%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” quote_font_size_tablet=”20px” quote_font_size_phone=”16px” quote_font_size_last_edited=”on|desktop”]<\/p>\n

Understand UTM\u2019s strategic objectives and day-to-day operational activities at the relevant portfolio or PTJ level. Identify how strategic priorities translate into operational processes, services, projects, and routine activities.<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Step 2: Identify & Analyse Risks” image_icon_width=”50px” icon_alignment=”left” content_max_width=”100%” _builder_version=”4.27.4″ _module_preset=”_initial” header_font=”–et_global_body_font||||||||” header_text_color=”#E09900″ header_font_size=”24px” header_line_height=”1.3em” body_font=”–et_global_body_font||||||||” body_text_color=”#FFFFFF” body_font_size=”16px” body_line_height=”1.8em” background_color=”#072130″ custom_margin=”||30px||false|false” custom_padding=”40px|40px|40px|40px|true|true” custom_padding_tablet=”30px|30px|30px|30px|true|true” custom_padding_phone=”20px|20px|20px|20px|true|true” custom_padding_last_edited=”on|desktop” animation=”off” header_font_size_tablet=”20px” header_font_size_phone=”16px” header_font_size_last_edited=”on|desktop” body_font_size_tablet=”15px” body_font_size_phone=”14px” body_font_size_last_edited=”on|desktop” border_radii=”on|30px|30px|30px|30px” locked=”off” global_colors_info=”{%22gcid-d7cd5a78-aaef-4f36-82a3-4d3706015cba%22:%91%22link_text_color%22,%22link_text_color%22,%22link_text_color%22,%22link_text_color%22%93,%22gcid-1f1b4e15-7cc6-4e13-8154-74d77a956460%22:%91%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” quote_font_size_tablet=”20px” quote_font_size_phone=”16px” quote_font_size_last_edited=”on|desktop”]<\/p>\n

Identify risks that may affect the achievement of objectives. Assess each risk based on the likelihood of occurrence (Probability) and the severity of consequences (Impact).<\/p>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Step 3: Prioritise & Respond” image_icon_width=”50px” icon_alignment=”left” content_max_width=”100%” _builder_version=”4.27.4″ _module_preset=”_initial” header_font=”–et_global_body_font||||||||” header_text_color=”#E09900″ header_font_size=”24px” header_line_height=”1.3em” body_font=”–et_global_body_font||||||||” body_text_color=”#FFFFFF” body_font_size=”16px” body_line_height=”1.8em” background_color=”#072130″ custom_margin=”||30px||false|false” custom_padding=”40px|40px|40px|40px|true|true” custom_padding_tablet=”30px|30px|30px|30px|true|true” custom_padding_phone=”20px|20px|20px|20px|true|true” custom_padding_last_edited=”on|desktop” animation=”off” header_font_size_tablet=”20px” header_font_size_phone=”16px” header_font_size_last_edited=”on|desktop” body_font_size_tablet=”15px” body_font_size_phone=”14px” body_font_size_last_edited=”on|desktop” border_radii=”on|30px|30px|30px|30px” locked=”off” global_colors_info=”{%22gcid-d7cd5a78-aaef-4f36-82a3-4d3706015cba%22:%91%22link_text_color%22,%22link_text_color%22,%22link_text_color%22,%22link_text_color%22%93,%22gcid-1f1b4e15-7cc6-4e13-8154-74d77a956460%22:%91%22link_text_color%22,%22quote_text_color%22,%22quote_border_color%22%93}” quote_font_size_tablet=”20px” quote_font_size_phone=”16px” quote_font_size_last_edited=”on|desktop”]<\/p>\n

Determine the overall risk level using the risk matrix. Prioritise risks based on severity and define appropriate risk responses, controls, and mitigation actions.<\/p>\n

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Ready to dive into risk assessment? This template is designed to simplify risk assessment by bringing probability and impact together in a clear, structured format. By using a common approach, PTJs can develop a shared understanding of risk severity, support better prioritisation, and strengthen risk-informed decision-making.<\/p>\n

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Every project carries uncertainty \u2014 in scope, timelines, resources, and outcomes.
Project Risk focuses on identifying and managing those uncertainties early, so projects can move forward with clearer decisions and fewer surprises.<\/p>\n

Unlike operational risk, which looks at ongoing activities, project risk is specific to a defined initiative<\/strong>. It is owned by the project lead and assessed in the context of the project\u2019s objectives, constraints, and delivery plan.<\/p>\n

By understanding where things could go wrong \u2014 and how serious the consequences might be \u2014 teams can take practical steps to reduce disruption, protect resources, and keep projects on track.<\/p>\n

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Project Risk looks at uncertainty within a specific project<\/strong> \u2014 from planning through delivery.<\/p>\n

It focuses on things that could affect:<\/p>\n