A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. Our Risk Management Experts are experienced in developing tailored Risk Strategy that fits the purpose and provides the right level of seriousness so that organizations can implement cost effective measures and processes to control risk.
Risk Strategy brings what, how and to what extent to the overall risk assessment process. The process of identifying and reviewing the risks that you face is known as risk assessment. By assessing risks you are able to be actively aware of where uncertainty surrounding events or outcomes exists and identifying steps that can be taken to protect the organisation, people and assets concerned. How this is achieved and the level of detail which is considered can vary between organisations. In many circumstances, where staff or volunteers have a more hands-on role in the organisation, the Management Committee may not carry out the evaluation of how the risk management should be applied.
A Risk Strategy builds on a process for regularly updating and reviewing the assessment based on new developments or actions taken. A risk management strategy can be developed and implemented by even the smallest of groups or projects or built into a complex strategy for a multi-site international organisation.