Detailed Action Plan for High Risks Overview This form must be completed when a HIGH risk issue is identified. Complete one form for each high-risk issue. Event Details Event Name: ____________________________________________ Event Date: ____________________________________________ Event Location: ____________________________________________ Risk Manager: ____________________________________________ High-Risk Issue Details Risk Category: ☐ Property     ☐ Financial     ☐ Operational     ☐ People     ☐ Reputational     ☐ Compliance Hazard Identified (Insert specific hazard from the Risk Register): ___________________________________________________________________________________________________ Current Risk Rating: HIGH Likelihood (Before Control): _________ (1-5) Consequence (Before Control): _________ (1-5) Detailed Description of the High-Risk Issue (Provide a comprehensive description of the risk, its potential impacts, and why it's considered high-risk): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________   Proposed Solution Elimination / Control Measure (Describe in detail the proposed solution or mitigation strategy. Reference the Hierarchy of Controls zz Hierarchy of Controls ): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Expected Outcome (Describe how this solution is expected to reduce the risk level): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Resources Required Financial Resources (List any financial resources needed to implement the solution): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Human Resources (List personnel needed and their roles in implementing the solution): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Material Resources (List any equipment, supplies, or other materials needed): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Implementation Timeline Start Date: _____/_____/__________ Completion Date: _____/_____/__________ Key Milestones: ___________________________________________________________ Expected: _____/_____/__________ ___________________________________________________________ Expected: _____/_____/__________ ___________________________________________________________ Expected: _____/_____/__________ Risk Re-assessment Likelihood (After Control): _________ (1-5) Consequence (After Control): _________ (1-5) New Risk Rating: ___________________________ (Low, Medium, High, Very High) Monitoring and Review Monitoring Process (Describe how the implementation and effectiveness of the solution will be monitored): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Review Schedule (Set dates for reviewing the effectiveness of the solution): ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ Approval Submitted by: ________________________________________________________________________ Role: ________________________________________________________________________ Date: _____/_____/__________ Approved by: ________________________________________________________________________ Role: ________________________________________________________________________ Date: _____/_____/__________ Signature: ________________________________________________________________________ Additional Notes ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________ ___________________________________________________________________________________________________