Risk Register

[vc_row in_container="yes" css=".vc_custom_1498136271966{padding-top: 40px !important;padding-bottom: 40px !important;}"][vc_column 0=""][vc_row_inner css=".vc_custom_1497619878503{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_inner width="11/12"][et_heading heading="RISK REGISTER" heading_size="h1" heading_style="none_heading_style" heading_color="#00573c" descrption_color="#00573c"]

Key risks (operational, financial, reputational..) which could potentially impact the success of the event and ways to mitigate these risks

[/et_heading][vc_separator][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][vc_row_inner css=".vc_custom_1497619878503{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_inner width="11/12"][et_heading heading="Venue Specific Risks " heading_size="h3" heading_align="align-left" heading_style="none_heading_style" heading_color="#b39758" heading_line_color="#b39758" el_class="title-brd"][/et_heading][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][vc_row_inner css=".vc_custom_1497619878503{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_inner width="11/12"][vc_column_text 0=""]The generic risk register provided by the IGF can be used as a guidance tool to develop the Risk Register for the Olympic Golf Venue: moreover, it should be cross-checked with the OCOG Generic Risk Register.

The IGF risk register (provided in electronic version, as an attachment to the Venue Operations Plan), is structured as a matrix, defining for each risk the following information:

Risk ID
Risk name
Impact (description)

[/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][vc_single_image image="12999" img_size="50x50"][/vc_column_inner][/vc_row_inner][vc_row_inner css=".vc_custom_1497619878503{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_inner width="11/12"][vc_column_text 0=""]Other proposed fields should be fulfilled by Tokyo 2020, defining:

Risk rating: the Overall Risk rating is the product of the Probability of Occurring and the Severity of Impact ratings. The following guide provides an overview of the rating scales

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Value	Probability of Occurring	Severity of Impact	Existing Controls
1	Very Unlikely	Minimal	Non-existent
2	Unlikely	Minor	Weak
3	Possible	Significant	Adequate
4	Likely	Major	Robust
5	Almost Certain	Massive	Excessive

Existing Controls and Risk Mitigation Measures
Control rating
Risk Tolerance / Acceptance. Four options are available:
- A: Cannot live with this risk; need to develop new operating plans to avoid it altogether; do not do the action which would trigger this risk.
  - M: Risk is tolerable; existing controls are adequate or better; risk tolerance is high – only monitoring of this risk is required
  - R: reduce. Risk is tolerable but existing controls are insufficient; additional treatment (mitigation) of the risk is required.
  - T: Transfer. Risk is tolerable but threat is transferred by shifting the risk to another party (eg. Via contracts or insurance);
Additional Risk Mitigation Recommendations
Future Risk Rating (Out of 25)
Target Completion Date

An example OCOG Risk Register developed by IGF for the Olympic Games has been included as an attachment.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][vc_single_image image="12997" img_size="50x50"][/vc_column_inner][/vc_row_inner][vc_row_inner css=".vc_custom_1497619878503{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_inner width="11/12"][et_heading heading="Contingency Plans" heading_size="h3" heading_align="align-left" heading_style="none_heading_style" heading_color="#b39758" heading_line_color="#b39758" el_class="title-brd"][/et_heading][vc_column_text 0=""]Once the Tokyo 2020 Risk Register has been developed, contingency plans must be established. The IGF will review and provide comments on the contingency and risk mitigation plans developed by Tokyo 2020 for each identified risk.[/vc_column_text][vc_column_text 0=""]The contingency plans will form part of this VOP and an example of the draft contingency plan from Rio 2016 has been included as an attachment.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][vc_single_image image="12997" img_size="50x50"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column width="1/2" el_id="outer-box"][vc_column_text][xyz-ips snippet="previous-page"][/vc_column_text][/vc_column][vc_column width="1/2" el_id="outer-box"][vc_column_text][xyz-ips snippet="next-page"][/vc_column_text][/vc_column][/vc_row]