Risk Assessment & Management

process of identifying, measuring, and analyzing risks relevant to a program or process.

Related to those activities that exchange the organization's products and services for cash

Those activities/systems that acquire goods, services, labor and property; pay for them; and classify, summarize and report what was acquired and what was paid.

context, the term "conversion relates to the utilization and management of various resources in the process of creating the goods and

This process is fundamentally concerned with those activities relating to the organization's capital funds services to be marketed by the organization.

This process is not based on the basic processing of transactions reflecting economic events, but concentrates upon the crucial consolidation and reporting of results to various interested parties (ie. management, investors, regulatory and statutory authorities).

This process incorporates those activities concerned with ensuring effective and appropriate governance processes and external accountability.

process by which the organization views and manages all of its risks collectively

The process is by definition integrated and coordinated across the entire organization.

also known as a Probability and Severity risk matrix, is a visual tool that depicts the potential risks affecting a business. T