This register brings your SWOT analysis, key opportunities and key risks together in one document, so priorities, ratings and the controls already in place are easy to review.
This register template is supplied in fully editable MS Word format and can be easily customised and edited. The document uses pre-defined style formatting throughout, with all text in Calibri font for improved readability.
The following document labelling is included in the footer:
- Register number and title
- Information-classification
- Version
- Page number / total pages
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Further guidance on risks and opportunities:
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Opportunities and Risks Register Template
The Opportunities and Risks Register is a Word template that takes you from a SWOT analysis of your internal and external factors to a rated opportunities register and a key risks register. Opportunities are given a priority rating from their feasibility and benefit, and risks a rating from their likelihood and consequence, with the controls in place and a residual risk rating.
It supports clause 4.1 on the context of the organisation and clause 6.1 on actions to address risks and opportunities, and shows which opportunities are taken forward as objectives.
Three Versions in One Download
The download holds both Word layouts of the register and a Google Docs PDF version.
- F-IMS23 - the register described on this page, with the SWOT analysis, opportunities register and key risks register
- F-IMS23 V2 - a second layout of the same register
- Google Docs PDF version - the register for those who work in Google Docs
What's Included in this Register
- Reviewed By and Date Reviewed - a header row to record each review
- SWOT Analysis - prompts to consider your interested parties and the factors that affect your objectives, with lists of relevant internal factors (such as culture, staff knowledge, strategic direction, resources and environmental aspects) and external factors (political, economic, social, technology, legal, environmental including climate change, and competition), then a strengths, weaknesses, opportunities and threats grid
- Opportunity Rating Indicator - each opportunity is given a priority rating according to its feasibility and benefit
- Priority and Actions - what a low, medium and high priority mean, from note and monitor to take forward and plan the actions required
- Opportunities Register - each opportunity and its expected benefit, priority rating and possible action, with the resources required and practicalities
- Risk Level Indicator - each risk is given a risk rating according to its likelihood and consequence
- Controls and Residual Risk Rating - what tolerable, moderate and substantial ratings mean for controls, and what to do when the residual risk is still not acceptable
- Key Risks Register - each risk description and its consequences, risk rating, controls currently in place and residual risk rating
Built for ISO Clauses 4.1 and 6.1
- Brings the review of internal and external factors and interested parties into the same document as risk and opportunity planning
- Rates opportunities by feasibility and benefit, and risks by likelihood and consequence, so effort goes where it counts
- Records the controls in place and a residual risk rating for each key risk
- Links opportunities to the objectives taken forward from them
Who Needs an Opportunities and Risks Register?
Every ISO management system standard asks an organisation to understand its context and plan actions to address its risks and opportunities. This register suits small and medium-sized businesses that want one place to record the SWOT analysis, key opportunities and key risks, without running a separate risk management system.
Included in the ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 22301, ISO 37001 and ISO 42001 Toolkits
This register is part of the ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 22301, ISO 37001 and ISO 42001 toolkits, including the integrated toolkits that combine them.
Using the Register
Complete the SWOT analysis first, with your interested parties and the internal and external factors in mind, then carry the points it raises into the opportunities and risk registers. Rate each entry, record the action or controls, and add the reviewer and date each time the register is reviewed.
Pairs with the Interested Parties Register
Identify your interested parties first in F-IMS22 Interested Parties Register, so they can be considered in the SWOT analysis. Where a residual risk is still substantial, the register directs that further action is raised as a problem or added to the actions register, using a form such as F-Q10 Significant Problem / Incident / Complaint Form or a register such as F-Q28 Actions Register.
Would you rather we prepared it for you?
Our IMS Manual and Registers Preparation service writes your management system manual around your business and completes the registers behind it, so the arrangements your staff are briefed on match what is written down.
IMS Manual and Registers Preparation