Risk management is the identification, assessment and prioritization of risks, and then the coordinated and economical application of resources to reduce, monitor and control the probability or impact of risks. unfortunate events or to maximize the realization of opportunities.
By implementing a risk management plan and considering various potential risks or events before they occur, an organization can save money and protect their future. This is because a strong risk management plan helps a company establish procedures to avoid potential threats, minimize their impact if they occur, and deal with the outcome. This ability to understand and control risk allows organizations to have more confidence in their business decisions.
The Risk Management Toolkit is to assist organizations in developing a risk management framework and policy. It includes a step-by-step approach to solving problems and developing appropriate responses to risks. It includes an example and template that can be tailored to fit your organization’s specific needs.
Template Toolkits Name
Tool-RKM-04_Responses to Risk.doc
Tool-RKM-05_Risk Mitigation Tracking.doc
Tool-RKM-06_Corrective Action Plan.doc
Tool-RKM-07_Indicators of Possible Risk.doc
Tool-RKM-08_Responding to Risk Worksheet.doc
Tool-RKM-09_Responding to Risk Worksheet Sample.doc
Tool-RKM-10_Risk Management Corrective Action Plan.doc
Tool-RKM-11_Risk Management Corrective Action Plan Sample.doc
Tool-RKM-12_Risk Mitigation Tracking Worksheet Sample.doc
Tool-RKM-13_Vulnerability to Risk Worksheet.doc
Tool-RKM-14_Vulnerability to Risk Worksheet Sample.doc