Posts tagged "Identifying Risks"

Identifying Risks

A risk statement is a natural language expression of a causal relationship between a real, existing state of affairs or attribute, and a potential, unrealized second event, state of affairs, or attribute. Risks can only be assessed and prioritised in relation to objectives and care should be taken to identify generic risks which will impact on business objectives but might not … Continue reading

Risk Self-Assessment

An approach by which each level and part of the organisation is invited to review its activities and to contribute its diagnosis of the risks it faces. This may be done through a documentation approach with a framework for diagnosis set out through questionnaires. It is often more effectively conducted through a facilitated workshop approach with facilitators with appropriate skills … Continue reading

Commissioning a Risk Review

A designated team is established either in-house or contracted in to consider all the operations and activities of the organisation in relation to its objectives and to identify the associated risks. The team should work by conducting a series of interviews with key staff at all levels of the organisation to build a risk profile for the whole range of … Continue reading

MOF: Identifying Risks

Microsoft has a good article on identifying risks and is worth reading, click here to read the source material for this article. Risk identification is the first step in the proactive risk management process, it provides the opportunities, indicators, and information that allows an organization to raise major risks before they adversely affect operations and hence the business. This step … Continue reading