Risk Management Strategy

Skills with Planning a Risk Management Strategy

• Evaluate status: Evaluate the organisational context and objective and map the external and internal risk context

• Develop strategy: Develop risk strategy and risk management policy and develop the common language of risk

• Design architecture:  Design and implement risk managment architecture roles and responsibilities

• Develop processes: Develop and implement the risk management processes, procedures and protocols

• Build awareness: Build a culture of risk awareness aligned with other management activities

• Facilitate assessments: Facilitate the identification, analysis and evaluation of risks and design record keeping procedures

• Evaluate controls: Evaluate existing performance and evaluation efficiency and effectiveness of existing controls

• Improve controls: Facilitate the design and implementaion of necessary and cost effective control improvements

• Evaluate framework - evaluate risk management strategy, policies and processes and introduce improvements

• Design report - Develop understanding of reporting requirements, design reporting formats and produce appropriate reports