The Right Moves: The Evolution of Approach in Risk Management

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Onspring describes how to stay on top of your risk management with the right moves.

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Defining your approach to risk management is important and how you manage risk matters. This paper will help define your ever-evolving risk procedures so you can make the right moves needed to move forward.

  • Risk Identification: Risk management starts with identifying risks.
  • Assessment Process: Includes how to enter, review and approve a newly identified risk.
  • Risk Response: Your response represents your organization’s process and philosophy for addressing the risks impacting its ability to meet its most critical objectives.
  • Trending: Well-managed companies want to be able to show their management and executives how that risk is “doing.”
  • Ownership: A risk without an owner is problematic, and if there is no owner for a risk, it likely isn’t being managed effectively.