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About risk management

In this article:

Learn how risk management works in Logiqc and how the Risk register helps your organisation identify, evaluate, treat, and monitor risk.

The Risk register brings risk descriptions, controls, risk ratings, mitigation actions, related adverse events, and review responsibilities together in one place.

Tip: For a detailed step-by-step guide, see the Academy tutorial below.

What risk management supports

Risk management is the process of identifying, evaluating, prioritising, treating, monitoring, and reviewing risks that could affect your organisation.

In Logiqc, the Risk register helps you document both strategic and operational risks, show the controls already in place, and record actions that reduce the likelihood or impact of those risks.

The Risk register supports your organisation to manage risk in accordance with the requirements of standards and guidelines such as ISO 9001, ISO 31000, NZS 8134:2021 Nga paerewa Health and Disabilities, and NSQHS.

Identify known and potential risks before they become larger issues.

Record existing controls, such as policies, audits, training, contracts, and other linked register items.

Assess uncontrolled, controlled, and target risk ratings using your configured matrix.

Assign mitigation actions and track whether the work has been completed.

Monitor related adverse events and bring risks under review when thresholds are exceeded.

Set clear ownership by assigning a Risk manager and Risk owner.

Risk management framework

The Risk register supports a continuous risk management cycle. Use it to define the scope and criteria for each risk, assess the risk, record treatment actions, monitor changes, and keep reporting evidence together.

Communication & ConsultationInvolve the right people throughout the process so decisions use the right context.
Scope, Context, CriteriaDefine the environment, objectives, and criteria used to assess the risk.

Risk AssessmentIdentify the risk, analyse its likelihood and consequence, then evaluate its priority.

Risk IdentificationDescribe what could happen, why it could happen, and what may be affected.
Risk AnalysisConsider likelihood and consequence to determine the risk rating.
Risk EvaluationCompare the rating with your criteria to decide whether treatment is required.
Risk TreatmentSelect controls and mitigation actions to reduce the likelihood or consequence.
Monitoring & ReviewReview the risk, controls, and ratings as conditions or evidence change.
Recording & ReportingKeep risk decisions, actions, evidence, and reporting information together.
Note: In Logiqc, the framework is supported by the Risk register workflow. New risks move through Manage and Approve stages, while existing risks can return for review based on the review date or related adverse event thresholds.

What the Risk register supports you to do

Use the Risk register to keep risk information connected to the broader quality and governance system.

  • Maintain a central list of identified risks and their current workflow stage.
  • Rate each risk against your organisation's configured matrix.
  • Link controls and evidence from other registers so risk treatment is visible.
  • Track related incidents, feedback, improvements, and repairs against the risk.
  • Create and assign mitigation actions to reduce the risk rating over time.
  • Use the Risk dashboard and register exports to report on risk exposure.

Get started

Use the articles below when you are ready to add, manage, review, or approve risks in Logiqc.

Add a risk Manage a risk Review a risk Approve a risk