"Every good business needs a strong plan that sets out what you aim to achieve"
Use a Risk Register as a formal, central record of your risk management status and progress. To make navigation of your document easier, you could group the risks according to risk categories (make headings). In any case, column 1 includes unique reference numbers so you can look up more detail in your Risk Schedules. For ease of … Continue reading Compile a Risk Register
Before you can make a judgement about the probability of a risk event, or the impact it could have, you need to understand the features of the risk event - how it could arise, what the consequence(s) could be, what the options might be for keeping the risk exposure within your tolerable loss range, and … Continue reading Understand Each of your Risks