You have your risk management framework in place but what is the next step? Firstly, well done for getting this far. A lot of hard work goes into a good framework. Now you have to put it into practice.
As part of the risk management plan you will need a log of all the potential risks that might affect your business. A risk register, also known as a risk log, is an important part of a company’s risk planning and helps to fulfil many regulatory requirements. Here is some guidance on what a risk register is and how to develop one.