Overview
Risk management is a process that helps identify, assess, and manage potential risks to an organisation. It is a proactive and continuous process that is designed to protect the organisation from potential losses.
The purpose of risk management is to ensure that the uncertainties associated with adverse events do not result in the loss of the organisations ability to continue its operations.
Format: MS Word
Description:
- Identify risks that could potentially affect the organisation's ability to achieve its strategic objectives.
- Assess the likelihood and potential impact of these risks.
- Develop and implement plans to address these risks.
- Monitor and review risk management plans and procedures on an ongoing basis.
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