Company Name

Risk and Oppurtunity Register (ROR)

INTEGRATED MANAGEMENT SYSTEM Department:

Document Format No.: CCC/SMR/F/01
Prepared by : Core-team member Document No.
Reviewed by : HOD Issue No/Date
Approved by : Head O&M Rev No./Date
Issued and Controlled by: SMR
Review status record:

Date of Review Type of Review Outcome of the review

Revision status Record:

Revision No. Date Detail of Change
y Name
ty Register (ROR)

DDD

CCC/DDD/ROR/01
00/00-00-0000
00/00-00-0000

Date of next
Next scheduled Review

Reason for change

 RISK AND OPPURTUNITY

Prepared by:
Reviewed by:
Approved by:
Issued & Controlled by :

Sl. Date of Risk

Risk Category Activity / Function Process Owner
No. Identification
 Company Name

RISK AND OPPURTUNITY REGISTER

Document Format No.:
Department:
Document No.:
Issue No/Date:
Rev No./Date:

Risk description External / Opportunity

(Present or Potential) Internal (Present or Potential)
Company Name

Legend Very Low Risk

Risk Assessment

acceptable?
present Risk

Yes / No
controls
Are the
Severity [S]
Probability

Existing Controls RPN

Risk level
[P]

[PxS]

5 5 25 Very High Risk

5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 5 25 Very High Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 2 10 Low Risk
5 5 25 Very High Risk
5 2 10 Low Risk
5 2 10 Low Risk
 Low Risk Medium Risk High Risk Very High Risk

Additional Risk mitigation

measures / Reference of Risk Owner Review Date Next review Planned
documented information
 RISK CATEGORIES
Sl. No. Category
1. Strategic

2. Operational

3. Maintenance
4. Regulatory / Legal

5. Community related

6. Environmental

7. Health and Safety

8. Energy related

Asset related

10. Water efficiency related

11. Opportunity

Guidance for Rating Severity

Rating Category
1 Trivial

2 Negligible

3 Serious

4 Very Serious

5 Critical

Guidance for Rating Probability

Rating Category
5 Very frequent
4 Frequent
3 Possible
2 Low
1 Very low

RISK MANAGEMENT PLAN

Risk Class Risk level

C Very low

Low
B
Medium

High
A
Very High
 RISK CATEGORIES
Explanation
The decisions regarding commercial, financial & governance aspects influencing investments,
procurement modification, up gradation of equipment.
The scenarios which affect business performance ( Generation ) & commitments to
customer/regulators/employees
The scenarios which affect execution of maintenance tasks required/planned
The scenarios which invoke penalties or regulatory proceedings.

The scenarios which cause community resistance or influences community participation

Scenarios which may affect the ability to achieve intended environmental performance including
regulatory compliance through EMS.
Examples:

• Failure of Operational controls: Defined operational controls are rendered in effective due to
failure of equipment/ breakdowns/lack of enforcement
• . Failure of Monitoring: Absence of planned or regular monitoring rendering the defined
controls in effective.
• . Regulatory : Any regulatory Noncompliance with inherent Environmental consequences.
Scenarios which may affect the ability to achieve intended environmental performance including
regulatory compliance through EMS.

Scenarios which affect the ability to achieve intended OH&S performance including regulatory
compliance through OHSMS.
Examples:
1. . Scenarios which affect the ability to achieve intended OH&S performance including
regulatory compliance through OHSMS
2. Failure of Operational controls: Defined operational controls are rendered in effective due to
failure of equipment/ breakdowns/lack of enforcement.
3. Failure of Monitoring: Absence of planned or regular monitoring rendering the defined
controls in effective.
4. Failure of Participation and consultation: Absence of or ineffective participation and
consulting mechanisms impacting ability of workers to contribute for enhanced OH&S .Ex.
Suggestions overlooked/ No engagement.
5. Regulatory : Any regulatory noncompliance with inherent OH&S consequences. Scenarios
which affect the ability to achieve intended OH&S performance including regulatory compliance
through OHSMS.
Scenarios which may affect the ability to achieve intended Energy performance including
regulatory compliance through EnMS. Those Scenarios which affect the ability to monitor,
control and improve energy performance
Examples: :

• Quality of fuel,
• Technological obsolescence/ Inability to retrofit any innovation,
• Other operational issues Like, Plant load, Demand, Reserve Shut down,
• Failure of equipment resulting in outage, frequent start up and shutdowns, idle running of
equipment with no leverage to stop.
• Ageing of the equipment,
• .Inability to complete repairs, maintenance and overhauling at planned frequency.
• Substandard Quality of Spares/component resulting in resource loss.
• Spillage and leakage of Fuel, Compressed air, Steam LPG or other energy types,
• Heat Loss due to ineffective insulation, steam leakages. Scenarios which may affect the
ability to achieve intended Energy performance including regulatory compliance through EnMS.
Those Scenarios which affect the ability to monitor, control and improve energy performance

Scenarios which may impact the safety, legality, integrity, reliability and performance of the
asset. ( It should be noted that most of the risks which are identified under various management
system would have a bearing on asset performance)

Scenarios which may affect the ability to achieve intended water efficiency including regulatory
compliance through related to water use and quality of discharged water. Those Scenarios
which affect the ability to monitor, control and improve water efficiency.

.Examples

• .Inability to fulfil Water efficiency targets set for Business activity indicator due to process
inadequacies or lack of arrangements for monitoring and measurement.
• an Infrastructural /Technological challenge to carry out repairs or modifications which
support improved water efficiency.
 Possibility of transforming an adverse situation in to a favourable one. Enhancements
/developments/upgradations which could contribute for improved performance.
• Scenario of Non-Availability of Grid/transmission systems use to carry out maintenance
works.
• Events /actions contributing for saving of resources or costs.
• Root cause analysis of frequent equipment failure resulting in robust PM program.
• Process improvements including enhancing Process controls and exploring the
implementation of risk control measures as per hierarchy of controls. This would include
Conducting safety
audits, equipment safety inspections, workplace condition/ hygiene audit or other audits, worker
engagement programmes, rewards, and recognitions,
• Opportunities for optimization of resources, water waste minimization and strategies aimed
at reducing reusing , recycling of resources including coal, water, chemicals and spares.
• Retrofitting or other modification to mitigate performance loss induced due to ageing of
equipment/system.
• The actions which extend the life of an asset or enhanced performance.

Guidance for Rating Severity

Explanation
No impact on operations, Generation / Costs . Does not have any human or
environmental consequences including irreversible failures of assets.
Minor deviations causing local disturbance with no adverse impact on
business(Generation /Cost/ Asset life/resource use and consumption.
Consequence resulting in short term business loss without impacting overall
performance. Potential recurrence may have adverse outcomes.
Consequences potentially affecting business in medium term (up to one week or more):
unavailability of Plant and associated loss of revenues.
Consequences likely to result in equipment failure which cannot restored instantly and
may take beyond one week.

Guidance for Rating Probability

Explanation
Chances of an event/risk occurring in period of a quarter.
Chances of an event/risk occurring in period of a Half Year.
Chances of an event/risk occurring in period of one year.
Chances of an event/risk occurring in period of 1 to 5 years
Chances of an event/risk occurring in period of beyond 5 years

RISK MANAGEMENT PLAN

 Risk mitigation measures

No action needed. Ensure that existing controls are in place

To be noted - no action is needed unless Risk category increases over a period of time.
Ensure that existing controls are in place.

Ensure that existing controls are in place. Evaluate efficiency of existing controls.
Develop and implement additional control mechanisms where necessary.

Mitigation actions to reduce the likelihood and seriousness to be identified and

appropriate actions to be implemented during project execution. Escalate/report to
Senior Management.
Mitigation actions to reduce the likelihood and seriousness to be identified and
implemented immediately on top priority. Escalate to Senior management.
Frequency of
Risk Owner
Monitoring
Concerned
Annually
Engineer
Concerned
Annually Section in-
charge

Annually HOD

Quarterly Head O&M

Monthly Station Head