# Risk Management Report Author: Dr. Oliver Eidel Published: 2022-06-27 Updated: 2025-01-07 Source: https://openregulatory.com/document_templates/risk-management-report --- Risk Management Report The Risk Management Report contains the output and summary of risk management activities. The general planning and methods are described in the Risk Management plan, while the actual risks are listed and analyzed in the Risk Table. The process and stages of risk analysis are described in the SOP Integrated Software Development. Mapping of Standard Requirements to Document Sections ISO 14971:2019 Section Document Section 4.5 Risk management file (all) 7.4 Benefit-risk analysis 6 7.6 Completeness of risk control (by review of this document) 8 Evaluation of overall residual risk 3, 5 9 Risk management review (all) 1. Relevant Processes and Documents SOP Integrated Software Development Risk Management Plan Risk Acceptance Matrix Risk Table 2. Risk Analysis The general idea about this section is that you simply summarize the amount of stuff you added to your Risk Table (a separate document). 2.1 Preliminary Hazards Analysis hazards were identified based on the Intended Use and Usability Tests. They were further analyzed in the Risk Table. 2.2 Failure Modes failure modes of software systems were identified. They were further analyzed in the Risk Table. 2.3 Failure Mode and Effects Analysis (FMEA) All preliminary hazards and potential failure modes of the software were analyzed. Annec C of ISO 14971 was reviewed for potentially applicable scenarios. In total, were identified. The hazardous situation(s) and harm(s) which they could lead to were analyzed, including intermediate probabilities (p1 and p2). 3. Risk Control Measures Risks were reduced as far as possible (AFAP). If a risk was classified as "unacceptable" based on the Risk Table, Risk Control Measures were implemented. The following categories of Risk Control Measures were implemented in priority as listed below: Inherent safety by design Protective measures Information for safety In total, were implemented. 4. Risk Matrix After implementation and verification of all Risk Control Measures, the count of risks in the Risk Acceptance Matrix was as follows: Probability S1: Negligible S2: Marginal S3: Critical S4: Catastrophic Estimated Maximum Event Count P5: Certain acceptable: 0 unacceptable: 0 unacceptable: 0 unacceptable: 0 1000000 P4: Likely acceptable: 0 unacceptable: 0 unacceptable: 0 unacceptable: 0 10000 P3: Possible acceptable: 0 acceptable: 0 unacceptable: 0 unacceptable: 0 100 P2: Unlikely acceptable: 0 acceptable: 0 acceptable: 0 unacceptable: 0 1 P1: Rare acceptable: 0 acceptable: 0 acceptable: 0 acceptable: 0 0 5. Summary of Risks and Unacceptable Risks If you don't have unacceptable risks (more likely), use this section: After Risk Control Measures, no unacceptable risks remained. The software, therefore, fulfils the specifications of the defined risk policy and is safe. A Benefit-Risk Assessment is not required. If you still have unacceptable risks, use this section: After Risk Control Measures, unacceptable risks remained. They will be further assessed in the Benefit-Risk Assessment below. Optionally, mention here your device's software safety classification according to IEC 62304, resulting from the worst possible risks found above. 6. Benefit-Risk Assessment Only use this whole section (Risk-Benefit Assessment) if you have unacceptable risks. The remaining unacceptable risks are compared to the benefits resulting from the Clinical Evaluation Report. The benefits are as follows: Add a conclusion on whether the benefits outweigh the risks Weighing the benefits against the risks, we conclude that... 7. Overall Residual Risk Take a look at your risk mitigating measures and assess whether the combination of them could lead to a risk that has not been taken care of yet, e.g., if one mitigation serves two or more risks at once. The overall residual risk is estimated to have a probability of and a severity of . According to the Risk Acceptance Matrix the overall residual risk is assessed as . Template Copyright openregulatory.com (https://openregulatory.com). See template license (https://openregulatory.com/template-license). Please don't remove this notice even if you've modified contents of this template.