[PDF] Introduction to Risk Management (Theory & Practice)
➢ A Risk Register is a management tool used to record relevant details relating to risks ➢ It is a database of information on risks ➢ Best kept simple to
Risk Mgt Training Slides
[PDF] ERM Presentation - University System of Georgia
Solely a function of business affairs or traditional risk management functions – Bureaucratic – Independent from strategic planning; rather it
ERM presentation
RISK MANAGEMENT AND CONTROL POLICY - NET
The Risk Management and Control Policy aims to guide and direct the set of organisational strategic and operational actions that enable the Board of
risk management and control policy
[PDF] Enterprise Risk Management at NSF Presentation
14 jui 2018 · To summarize Enterprise Risk Management (ERM) efforts to date and elicit Business Operations Advisory Committee (BOAC) perspectives on
Enterprise Risk Management Presentation
[PDF] Enterprise risk management
26 fév 2016 · Risk management is about understanding what your risks are and deciding if Enterprise risk management (ERM) is a natural evolution
EnterpriseRiskManagement
[PDF] Enterprise Risk Management Presentation to the Board of Trustees
22 juil 2010 · On-going risk assessment processes • Risk discussion embedded in strategic planning capital allocation etc • Early warning system to notify
jul Presentation a Enterprise Risk Management
[PDF] (Microsoft PowerPoint - Risk Assessment \226 Where to Nextppt)
21 avr 2009 · SAI Global (ASX: SAI) is an applied information services company that helps organizations manage risk achieve compliance and drive business
a risky night risk management presentation two april
[PDF] Risk-product-sheetpdf - GlobalSuite Solutions
It's a GRC solution that optimizes the risk management security continuity auditing and compliance of your business GlobalSuite® automates configures and
Risk product sheet
[PDF] Session Handouts Risk Management: A Campus Primer
23 sept 2014 · (Pamela Scott's PowerPoint presentation) 3 A Wake Up Call: Enterprise Risk Management at Colleges and Universities Today
CombinedFilesfinalforweb
[PDF] climate-change-riskspdf
We create risks scenarios to assess the financial impacts Risk Management Metrics and targets ▫ Existence of CO2 scope 1 target ▫ Company is in the
climate change risks
![[PDF] Introduction to Risk Management (Theory & Practice)](https://pdfprof.com/PDF_DocsV2/Docs/PDF_9/30012_9RiskMgtTrainingSlides.pdf.jpg "[PDF] Introduction to Risk Management (Theory & Practice)")
Risk Management
Introduction to
Risk Management
(Theory & Practice)DCU Risk & Compliance Officer
November 2015
Risk Management
Sections
1) Aims of presentation 7) Tips for success
2) What is Risk Management (RM)? 8) Why RM may fail
3) RM Cycle 9) Summary & conclusion
4) Categories of risk
5) Risk Register
6) Risk Appetite
Risk Management
Aims of this presentation
To explain why it is relevant
Guidance on
Risk management techniques
Reporting on risks
Risk Management
Place for Risk Management?
Risk Management
What is Risk Management?
It is a process to:
Identify all relevant risks
Assess / rank those risks
Address the risks in order of priority
Monitor risks & report on their management
Risk Management
Risk Management why do we need it?
Promotes good management
May be a legal requirement depending upon industry or sector Resources available are limited therefore a focused response to Risk Management is neededRisk Management
What is a Risk?
A risk is an uncertain event which may occur in the future A risk may prevent or delay the achievement of an or goals A risk is not certain Its likelihood can only be estimated Note: Not all risk is bad, some level of risk must be taken in order to progress / prevent stagnation.Risk Management
Risk Management
Risk Management Cycle Step 1
Mission ͻDefine Purpose
Strategy ͻHigh level Plan
Goals ͻUnit Specific Targets
Risk Management
Risk Management Cycle Step 2
Risk Identification what are the threats and uncertainties Separate out the risk into its cause & possible effectBe concise & clear
Do not concentrate on symptoms only
Risk Management
Risk Management Cycle Step 2 cont.
Impact
Likelihood
(Guidance on both later!)Prioritize the risks
Hint: Get input from appropriate individuals
Risk Management
Risk Management Cycle Step 3
Challenge & Evaluate Controls
Control: Policy, action, procedure or process designed to prevent risk or to limit its impactDo they work, are they effective?
Residual Risk only should be measured
Risk Management
Risk Management Cycle Step 4
Take Action!
For serious risks where controls are
A) Weak
B) Absent
For risks where the Risk Appetite is exceeded Examine Cost vs. Benefit
Risk Management
Risk Management Cycle Step 4 cont.
Types of Action
A)Tolerate
B)Treat
C)Substitute
D)Terminate
(The choice of the above will be decided upon by your risk appetite)Risk Management
Risk Management Cycle Step 5
Monitor & Report
Review all risks at least annually
Serious risks to be reviewed more often depending on circumstancesReport on risk to senior management / Board
Make Risk Register available to stakeholders to show good governanceRisk Management
Categories of Risks
¾There are multiple ways into which risks can be categorized¾Final categories used will depend upon each
¾Goal is to cluster risks into standard, meaningful & actionable groupings¾What follows is one example of a type of
categorizationRisk Management
Categories of Risks
Financial
¾Reduction in funding
¾Failure to safeguard assets
¾Poor cash flow management
¾Lack of value for money
¾Fraud / theft
¾Poor budgeting
Risk Management
Categories of Risks cont.
Operational
These risks result from failed or inappropriate policies, procedures, systems or activities e.g.¾Failure of an IT system
¾Poor quality of services delivered
¾Lack of succession planning
¾Health & Safety risks
¾Staff skill levels
¾No process to track contractual commitments
Risk Management
Risk Management
Introduction to
Risk Management
(Theory & Practice)DCU Risk & Compliance Officer
November 2015
Risk Management
Sections
1) Aims of presentation 7) Tips for success
2) What is Risk Management (RM)? 8) Why RM may fail
3) RM Cycle 9) Summary & conclusion
4) Categories of risk
5) Risk Register
6) Risk Appetite
Risk Management
Aims of this presentation
To explain why it is relevant
Guidance on
Risk management techniques
Reporting on risks
Risk Management
Place for Risk Management?
Risk Management
What is Risk Management?
It is a process to:
Identify all relevant risks
Assess / rank those risks
Address the risks in order of priority
Monitor risks & report on their management
Risk Management
Risk Management why do we need it?
Promotes good management
May be a legal requirement depending upon industry or sector Resources available are limited therefore a focused response to Risk Management is neededRisk Management
What is a Risk?
A risk is an uncertain event which may occur in the future A risk may prevent or delay the achievement of an or goals A risk is not certain Its likelihood can only be estimated Note: Not all risk is bad, some level of risk must be taken in order to progress / prevent stagnation.Risk Management
Risk Management
Risk Management Cycle Step 1
Mission ͻDefine Purpose
Strategy ͻHigh level Plan
Goals ͻUnit Specific Targets
Risk Management
Risk Management Cycle Step 2
Risk Identification what are the threats and uncertainties Separate out the risk into its cause & possible effectBe concise & clear
Do not concentrate on symptoms only
Risk Management
Risk Management Cycle Step 2 cont.
Impact
Likelihood
(Guidance on both later!)Prioritize the risks
Hint: Get input from appropriate individuals
Risk Management
Risk Management Cycle Step 3
Challenge & Evaluate Controls
Control: Policy, action, procedure or process designed to prevent risk or to limit its impactDo they work, are they effective?
Residual Risk only should be measured
Risk Management
Risk Management Cycle Step 4
Take Action!
For serious risks where controls are
A) Weak
B) Absent
For risks where the Risk Appetite is exceeded Examine Cost vs. Benefit
Risk Management
Risk Management Cycle Step 4 cont.
Types of Action
A)Tolerate
B)Treat
C)Substitute
D)Terminate
(The choice of the above will be decided upon by your risk appetite)Risk Management
Risk Management Cycle Step 5
Monitor & Report
Review all risks at least annually
Serious risks to be reviewed more often depending on circumstancesReport on risk to senior management / Board
Make Risk Register available to stakeholders to show good governanceRisk Management
Categories of Risks
¾There are multiple ways into which risks can be categorized¾Final categories used will depend upon each
¾Goal is to cluster risks into standard, meaningful & actionable groupings¾What follows is one example of a type of
categorizationRisk Management
Categories of Risks
Financial
¾Reduction in funding
¾Failure to safeguard assets
¾Poor cash flow management
¾Lack of value for money
¾Fraud / theft
¾Poor budgeting
Risk Management
Categories of Risks cont.
Operational
These risks result from failed or inappropriate policies, procedures, systems or activities e.g.¾Failure of an IT system
¾Poor quality of services delivered
¾Lack of succession planning
¾Health & Safety risks
¾Staff skill levels
¾No process to track contractual commitments
Risk Management
- enterprise risk management ppt
- corporate risk management ppt
- enterprise risk management ppt download
- e business risk management issues ppt
- business risk assessment ppt
- enterprise risk management ppt slides
- enterprise risk management slideshare
- enterprise risk management powerpoint
- business plan ppt exemple
- business model ppt template
- business risk management
- business model canvas ppt presentation
- enterprise risk management in banks ppt
- business case ppt
- business model canvas ppt gratuit
- business model canvas ppt français
- enterprise risk management framework ppt
- risk management for small business ppt
- business plan ppt gratuit
- business ppt template
- risk management in business ppt
- risk management in international business ppt
- business plan ppt template
- enterprise risk management process ppt
- enterprise risk management powerpoint template
- enterprise risk management training ppt
- risk management '' cours pdf
- business plan cours ppt
- business case exemple ppt