Organization-Guide/Processes/COSO/Risk Management/Risk Management Review Template.md

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# Risk Management Review Template
## Risk Monitoring
For details see the [Risk Register](Risk%20Register.md) and the Risk Control Matrix of every process.
### Key Risks
#### Risk XXX
#### Risk XXX
#### Risk XXX
#### Risk XXX
#### Risk XXX
### Key Changes
#### Risk XXX
#### Risk XXX
#### Risk XXX
#### Risk XXX
#### Risk XXX
## Risk Identification
### New risks
| Risk No. | R | Category | Risk Event | L | C | O | Cause | Mitigation Type | Mitigation Strategy | L* | C* | Changes | Comments | ES | EY |
| -------- | ---- | -------- | ---------- | ---- | ---- | ---- | ----- | --------------- | ------------------- | ---- | ---- | ------- | -------- | ---- | ---- |
| | | | | | | | | | | | | | | | |
Abbreviations:
* R: Responsible
* L: Likelihood (1-5)
* C: Consequence (1-5)
* L\*/C\*: Likelihood and Consequence after mitigation
* O: Occurrence (many times a day, daily, weekly, monthly, annually)
* ES: Effective
* EY: Efficient
### Old risks (no longer applicable)
| Risk No. | R | Category | Risk Event | Reason for removal |
| -------- | ---- | -------- | ---------- | ------------------ |
| | | | | |
Abbreviations:
* R: Responsible
## Effectiveness
The risk mitigation strategies are very effective as no damages from identified risks occurred and no significant unidentified risks were found.
The risk management operates as designed and is effective.
## Efficiency
The risk management is implemented with reasonable amounts of human resources, low costs due to internal risk management and very good preventing and discovering results as described in the effectiveness.
## Summary
NAME, LAST NAME
2022-12-31