Create a Risk
When to Use This
Use the risk register to:
- Document potential threats to your RTO’s operations or compliance
- Assess risks before you put controls in place
- Track who’s responsible for managing each risk
Before You Start
- Decide what you’re trying to protect against (compliance, financial, operational, training quality, etc.)
- Think about what could go wrong and how likely it is
Steps
1
Open the Risk Register
Go to Registers → Risk. Click Add Risk.
2
Describe the risk
Enter a clear Title (what could go wrong) and Description (more detail about the risk and its potential consequences).
Optionally select:
- Risk Owner: The staff member responsible for managing this risk
- Business Area: Helps categorise risks (Governance, Compliance, Financial Viability, Training & Assessment Quality, Student Lifecycle & Wellbeing, Staff & Capability, Systems, Technology & Resources, or Third-Party & Partner Arrangements)
3
Assess inherent risk
Rate the risk before any controls are in place:
- Likelihood: How likely is this to happen? (Rare → Almost Certain)
- Impact: How bad would it be if it happened? (Insignificant → Catastrophic)
RTOSafe assigns a risk level based on your ratings: Low, Medium, High, or Critical.
4
Save
Click Create. The risk is added with Pending status.
What Happens Next
- The risk appears on your register with its inherent risk score
- RTOSafe generates an AI analysis of the risk (takes a few moments)
- You can now add controls to mitigate the risk
- Once you add controls and set a review date, the status changes to
Active
From the risk details page, you can also:
- Link the risk to specific scope items (training products or units it affects)
- Link to continuous improvement initiatives that address the risk
Common Issues
Not sure how to rate likelihood/impact
Use your best judgement based on past experience. You can always adjust ratings later as you learn more
Risk score seems too high or low
Reconsider your likelihood and impact ratings
Want to link this risk to specific training products
You can do this from the risk details page after creating the risk