6. Reviewing our risk
Responsible officers should review their risks (including updating the SPAR system) according to their unmitigated risk score. A guide to the recommended frequency of reviews can be seen below:
| Unmitigated Risk Score (Pure Status) | Review Interval |
|---|---|
| 16 | Monthly |
| 12 | Quarterly |
| 6-9 | Twice a year |
| 1-5 | Annually |
Operational risks should be monitored regularly as part of the performance management within all services. This includes assessing whether the control actions are still adequate or need revising and or replacing. SPAR.net should be updated with any changes as soon as they arise.
Note: All risks have the ability to increase in severity very quickly, so if the risk does look more likely to happen action will be taken immediately.