Lumiform
Features Solutions Resources Templates Enterprise Pricing
Select a language
Englishen
Deutschde
Françaisfr
Españoles
Português (BR)pt-BR
en
Contact salesLog in
Sign up
Back
Englishen
Deutschde
Françaisfr
Españoles
Português (BR)pt-BR
Features Solutions Resources Templates Enterprise Pricing
Free demo
Log in
en
Book a personal demoView video demoContact sales
Explore
Resource hubCentral repository for all Lumiform resourcesCustomer storiesReal-world successes and experiences with Lumiform.
Learn
Template collectionsComprehensive collections of best practice templates.Topic guidesComprehensive safety, quality, and excellence insights.LexiconDefinitions key to quality, safety, and compliance.
Support
Developer's guideTechnical documentation for developers.Help centerAssistance with onboarding and platform mastery.
Featured reads
Explore our collection of 38 free preventive maintenance checklists

Template collection

Explore our collection of 38 free preventive maintenance checklists

Start reading
Your guide to performing and documenting efficient child care observation

Topic guide

Your guide to performing and documenting efficient child care observation

Start reading
Lumiform as customer journey mapping tool in gastronomy

Success story

Lumiform as customer journey mapping tool in gastronomy

Start reading
Book a personal demoView video demoContact sales
By industry
Food and hospitalityManufacturingConstructionRetailTransport and logisticsFacility managementView all industries
By business needs
Health and safety managementQuality managementOperational excellenceRisk management and complianceView all business needs
By use case
Safety management softwareEnergy audit appForklift inspection appBuilding management softwareVehicle inspection appQMS appKaizen method appProperty inspection appRestaurant inspection appElevator management appProject management softwareFire inspection app
View all app uses
Book a personal demoView video demoContact sales
Overview
Template libraryDiscover over 12,000 free, ready-made and expert proofed templates.
Use cases
CleaningMaintenanceRisk assessmentSupply chainIncident management
Business needs
Health and safety managementQuality managementOperational excellenceRisk management and compliance
Industries
Food and hospitalityManufacturingRetailTransport and logisticsConstructionFacility management
Book a personal demoView video demoContact sales
Overview
Product overviewAll features
Capabilities
Digitize
Form builderMobile AppActions
Automate
Workflow automationApprovalsIntegrations
Transparency and accountability
ReportsAnalytics
Orchestrate
Administration
Book a personal demoView video demoContact sales
Templates
Operational risk management reporting template

Operational risk management reporting template

Build stronger reports with a systematic template. It captures key risks, assigns ratings, tracks mitigation plan, and keeps monitoring consistent across teams.

Use this template
or download pdf
Operational risk management reporting template

Build stronger reports with a systematic template. It captures key risks, assigns ratings, tracks mitigation plan, and keeps monitoring consistent across teams.

Use this template
or download pdf

About the Operational risk management reporting template

Effective operational risk management is critical to supporting business objectives and maintaining resilience. This operational risk management reporting template helps you track risks consistently, evaluate their potential impact, and take action early. It gives you a clear framework for identifying and addressing these operational risks, including process gaps, unclear responsibilities, and equipment failures.

Key elements of an operational risk management reporting template

Operational risk reporting is a tool for smarter decisions and smoother operations. Here are the essential elements included in the template:

  1. Risk identification: This section helps you define and describe your key operational risks clearly. Going beyond listing problems, you’ll be investigating root causes and categorizing risks to understand where they’re coming from.
  2. Risk assessment: Capturing how likely a risk is—and what it could cost you—adds a layer of strategic clarity. You assign levels for likelihood and impact, which combine into an overall risk exposure rating. This helps you prioritize and allocate resources more effectively.
  3. Mitigation planning: This is where your response takes shape. You outline existing controls, highlight any weaknesses, and define clear action plans. Assigning owners and timelines turns this from a report into a roadmap for reducing exposure.
  4. Monitoring: A good template keeps the conversation going. You’ll include key risk indicators (KRIs), set review frequencies, and provide updates on action plans. This ensures risks stay on the radar and that you can flag and escalate emerging issues when needed.

Customizing your operational risk management reporting template

Your risk profile and reporting needs will vary depending on your industry, team size, and the operational complexity. You can easily adapt the template to make it more actionable for your day-to-day.

First, you can adjust the risk categories to reflect the kinds of risks you actually deal with. For example, if you’re in manufacturing, you might add categories like equipment failure or supply chain disruption.

You can also edit the key risk indicators (KRIs) to align with your existing KPIs. If your team already tracks on-time delivery, system uptime, or customer complaint volumes, you can build those straight into your KRI section.

Feel free to make space for department-specific fields so local teams can report risks in their own language. Finance might need to log reconciliations and fraud controls, while operations could focus on process delays or staffing shortages.

Experience faster, more comprehensive reporting

Download this template to streamline how you assess and act on operational risks. Its organized format allows you to keep reports consistent—even when multiple teams are involved. With the template, you can spot trends faster, communicate clearly across departments, and hold the right people accountable.

Related categories

  • Risk management and compliance templates
  • General templates
  • Risk assessment templates
Preview of the template
entity_item!!!
Page 1
Risk Identification
Describe the key operational risks facing the organization
Identify the root causes of the operational risks
Categorize the operational risks by type (e.g. people, process, system, external)
Assign a risk rating to each operational risk (e.g. low, medium, high)
Risk Assessment
Evaluate the likelihood of each operational risk occurring
Estimate the potential impact of each operational risk
Determine the overall risk exposure for each operational risk
Risk Mitigation
Describe the controls and mitigating actions in place for each operational risk
Identify any gaps or weaknesses in the current control environment
Outline the action plans to address the operational risks
Assign accountability and timelines for the mitigation actions
Risk Monitoring
Outline the key risk indicators (KRIs) for monitoring the operational risks
Describe the frequency of monitoring and reporting on the operational risks
Provide an update on the status of the mitigation actions
Escalate any significant changes or emerging operational risks

More templates like this

Operational risk management plan template
Operational risk management plan template
Lay out risks systematically and take action with a template built to help you record, evaluate, and follow up on operational issues that matter.
Risk assessment templates
Operational risk management framework template
Operational risk management framework template
Monitor and respond to risks across operations with a customizable form. This template gives you a clear, repeatable way to document risks, rate their impact, and assign responsibility.
Risk assessment templates
Feasibility analysis template
Feasibility analysis template
This template gives you an organized framework for evaluating whether a project, investment, or business idea is worth pursuing.
Templates for business processes
Business risk assessment template
Business risk assessment template
Use this template to uncover possible risks and develop effective mitigation strategies. Customize it to fit your industry-specific needs and streamline your risk management process.
Risk assessment templates
Process Improvement Proposal Template
Process Improvement Proposal Template
The process improvement proposal template helps you present actionable ideas to stakeholders in a clear and professional format.
Templates for business processes
Due Diligence Checklist Template
Due Diligence Checklist Template
This due diligence checklist is really helpful if you want to determine wether to buy a company or not. It features all information that you should think about.
Risk assessment templates

Related resources

Access a complete set of resources aimed at maximizing safety, quality, and operational excellence, including detailed guides, related templates, and real-world use cases.

Topic guides

Read in-depth guides covering key topics related to this article.

Operational risk management: Best practices and toolsProject risk management: A comprehensive guideRisk analysis: Proven strategies to mitigate and manage risks
See all topic guides

Template collections

See comprehensive collections of best practice templates related to this topic.

Top 3 free operational risk management templates3 free risk identification templates for safety audits5 hazard identification forms for workplace safety
See all template collections

Use cases

Check out how the Lumiform software can be utilized for related use cases.

Operational risk management softwareRisk management software for anticipating and adressing safety risksRisk analysis software
See all use cases

Other resources

Explore all the additional resources we offer to assist you in mastering this topic.

5 types of project risksHow to measure operational excellenceWhat is process improvement?4 ways process improvement increases profits

Frequently asked questions

What’s the difference between operational risk and other types of risk?

Operational risk refers to failures in internal processes, people, systems, or external events—like a server crash, a missed procedure, or vendor issues. It’s different from financial or strategic risk, which deals more with investments, market movements, or business direction. Operational risk is about how things are done and what can go wrong day-to-day.

Who is usually responsible for maintaining operational risk reports?

Responsibility typically falls to risk managers or department leads, depending on your organizational structure. Larger companies may have a dedicated operational risk function, while smaller teams often include it in compliance, finance, or even HR.

How detailed should an operational risk report actually be?

It should be detailed enough to inform decisions, but not overwhelming. Include the key facts: what the risk is, why it matters, how likely it is, what the impact could be, and what’s being done about it. Add context when needed, but skip long-winded explanations—stick to clear, actionable information your team can actually use.


This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.
Lumiform logo
Platform
HomeSign upProductAll featuresPricingEnterpriseTrust and securityCustomer success offeringsDownload the app
Solutions
IndustriesFood and hospitalityManufacturingConstructionRetailTransport and logisticsFacility management
Business needsHealth and safety managementQuality managementOperational excellenceCompliance and risk management
Uses cases
Learn
Template collectionsTopic guidesLexiconHelp centerJournalInfographicsVideos
Resources
Lumiform templatesby industryby use caseby business needAll categories
Customer storiesDeveloper APIResource hubIntegrations
Company
AboutJobsLegalBook a demoContact sales
© 2025 LumiformTerms and conditionsPrivacyData processingSitemap
App StoreGoogle play