Risk and control status

Residual risk position, control verification and risks due for review
Illustrative example — fictional organisation and synthetic data.
Register: Operational risk registerAs at: 30 Sep 2026Business unit: AllScoring: 5 × 5 matrix
Risks in register
153
High or extreme residual risks
14 (9%)
Controls in place
202
Controls verified effective
73%
Control verifications overdue
16
Risk reviews overdue
11

Residual risk matrix

Number of risks at each likelihood and consequence, after controls.

Almost certainAlmost certain × Insignificant (Moderate): 0 risks0ModerateAlmost certain × Minor (High): 1 risks1HighAlmost certain × Moderate (High): 1 risks1HighAlmost certain × Major (Extreme): 0 risks0ExtremeAlmost certain × Severe (Extreme): 0 risks0ExtremeLikelyLikely × Insignificant (Low): 1 risks1LowLikely × Minor (Moderate): 3 risks3ModerateLikely × Moderate (High): 4 risks4HighLikely × Major (Extreme): 0 risks0ExtremeLikely × Severe (Extreme): 0 risks0ExtremePossiblePossible × Insignificant (Low): 4 risks4LowPossible × Minor (Moderate): 12 risks12ModeratePossible × Moderate (Moderate): 15 risks15ModeratePossible × Major (High): 6 risks6HighPossible × Severe (High): 1 risks1HighUnlikelyUnlikely × Insignificant (Low): 11 risks11LowUnlikely × Minor (Low): 24 risks24LowUnlikely × Moderate (Moderate): 22 risks22ModerateUnlikely × Major (Moderate): 8 risks8ModerateUnlikely × Severe (High): 1 risks1HighRareRare × Insignificant (Low): 9 risks9LowRare × Minor (Low): 14 risks14LowRare × Moderate (Low): 10 risks10LowRare × Major (Low): 4 risks4LowRare × Severe (Moderate): 2 risks2ModerateInsignificantMinorModerateMajorSevereConsequence

Inherent versus residual risk score by category

Score = likelihood × consequence (1–25). The gap shows how much risk the controls remove.

Inherent score (before controls)Residual score (after controls)
05101520Energy isolationEnergy isolation inherent: 18.0Energy isolation residual: 8.818.08.8Vehicles and mobile plantVehicles and mobile plant inherent: 17.2Vehicles and mobile plant residual: 9.417.29.4ElectricalElectrical inherent: 16.4Electrical residual: 6.216.46.2Working at heightsWorking at heights inherent: 15.8Working at heights residual: 7.115.87.1Fire and explosionFire and explosion inherent: 15.1Fire and explosion residual: 6.815.16.8Hazardous substancesHazardous substances inherent: 14.1Hazardous substances residual: 8.314.18.3Fatigue and fitness for workFatigue and fitness for work inherent: 12.9Fatigue and fitness for work residual: 9.912.99.9Manual handlingManual handling inherent: 11.7Manual handling residual: 8.911.78.9

Controls by hierarchy and verification status

Higher-order controls at the top. Number of controls shown at end of each bar.

Verified effectiveDue for verificationVerification overdueNeeds improvement
EliminationElimination · Verified effective: 1212Elimination · Due for verification: 214SubstitutionSubstitution · Verified effective: 77Substitution · Due for verification: 1Substitution · Verification overdue: 19IsolationIsolation · Verified effective: 77Isolation · Due for verification: 1Isolation · Verification overdue: 19EngineeringEngineering · Verified effective: 4141Engineering · Due for verification: 66Engineering · Verification overdue: 33Engineering · Needs improvement: 252AdministrativeAdministrative · Verified effective: 5858Administrative · Due for verification: 1717Administrative · Verification overdue: 88Administrative · Needs improvement: 4487Personal protective equipmentPersonal protective equipment · Verified effective: 2222Personal protective equipment · Due for verification: 55Personal protective equipment · Verification overdue: 33Personal protective equipment · Needs improvement: 131

Risks needing attention

Highest residual scores, with control verification and review status.

RiskCategoryInherentResidualControl owner (role)Controls verifiedNext reviewStatus
Struck by reversing truck at loading dockVehicles and mobile plant20 · Extreme15 · HighLogistics supervisor3 of 609 Nov 2026Needs improvement
Uncontrolled energy release during isolationEnergy isolation20 · Extreme12 · HighOperations superintendent6 of 712 Sep 2026Review overdue
Forklift and pedestrian interaction in warehouseVehicles and mobile plant20 · Extreme12 · HighSite safety advisor5 of 630 Oct 2026Verification due
Contact with live conductors during switchboard workElectrical20 · Extreme12 · HighElectrical supervisor5 of 505 Nov 2026On schedule
Fatigue-related error on rotating shiftsFatigue and fitness for work15 · High12 · HighRoster coordinator2 of 428 Oct 2026Verification due
Exposure to welding fume in the maintenance workshopHazardous substances16 · Extreme12 · HighOccupational hygienist3 of 514 Sep 2026Review overdue
Dropped object from elevated work platformWorking at heights16 · Extreme10 · HighMaintenance supervisor4 of 418 Nov 2026On schedule
Ignition of flammable solvent during decantingFire and explosion20 · Extreme10 · HighProduction manager7 of 922 Sep 2026Review overdue