Risk Management

Its a critical process that mitigates potential risks and conflicts that could happen

A systematic process that also can be integrated in financial, operational, strategic, reputational.

a situation involving exposure to danger

a source of danger

ROOT CAUSES OF RISK:

Internal Circumstances

• human error

• system failures

• global crises

• technological advancements

ROOT CAUSES OF RISK:

External Circumstances

• climate change

• system failures

• global crises

• technological advancements

THE PRINCIPLES OF EFFECTIVE RISK MANAGEMENT:
Risk management an integral part in organization activities

THE PRINCIPLES OF EFFECTIVE RISK MANAGEMENT:

this approach to rm contributes to consistent and comparable results

THE PRINCIPLES OF EFFECTIVE RISK MANAGEMENT:

The risk management framework and process are customized and proportionate to the organization's external and internal context related to its objectives

THE PRINCIPLES OF EFFECTIVE RISK MANAGEMENT:

appropriate and timely involvement of stakeholders enables their knowledge, views, and perceptions to be considered resulting in improved awareness and informed rm