This document discusses risk management and outlines a 5-step process. It defines risk management as identifying and mitigating potential risks that could impact an organization's implementation plan. The 5 steps are: 1) identify risks, 2) measure risks, 3) examine solutions, 4) implement solutions, and 5) monitor results. Key risks are strategic, operational, financial, legal, and reputational. Solutions include treating, tolerating, terminating, or transferring risks. Effective risk management increases success and reduces failure by leading organizations to their overall goals.

1. Risk Management
Presented by:
DR. CONRADO C. DOMINGO
EPSvr 1 Science
Republic of the Philippines
DEPARTMENT OF EDUCATION
Region III – Central Luzon
SCHOOLS DIVISION OF TARLAC PROVINCE
Macabulos Drive, San Roque, Tarlac City, Tarlac
2300

2. Risk Management is simply identifying possible risks that may spoil
the “Implementation Plan” thereby, mitigate the potential risks by
applying doable measures to lessen or eradicate the impact of such
risks which these risks may bring to the organization.
After the “Implementation Plan” was conceptualized,
the vital process that follows is the
Risk Management

3. According to Craig Rowe, there
five (5) Steps in Risk Management.
1. Identify Risk
2. Measure Risk
3. Examine Solutions
4. Implement Solutions
5. Monitor Results
5 Steps in a Sound Risk Management Process

4. STEP 1 : Identify Risk
What can possibly go wrong along the implementation of the Plan ?
There are 5 (five) Category or Classification of Risk
1. Strategic Risk – failure to achieve strategic goals of the organization may
lead to losses
2. Operational Risk – inadequacy of internal process, people or system or even
external event
3. Financial Risk - ineffective management of financial resources
4. Legislative or Legal Risk – non-conformity to existing laws or organizational
policies
5. Reputational Risk – may have negative impact in the trust and confidence of
the partners, stakeholders or clientele of the organization.
5 Steps in a Sound Risk Management Process

5. STEP 2 : Measure Risk
What/How much is the severity of the magnitude, frequency or
impact of the risk can it bring that may affect the organization ?
Using the scale of 1 (one) to 5 (five) where 1 is tolerable and 5 is extensive:
1 2 3 4 5
Tolerable Moderate Extensive
(Low) (Medium) (High)
5 Steps in a Sound Risk Management Process

6. STEP 3 : Examine Solutions
What can be done to mitigate the risk ? What are the options ?
Knowing the severity and frequency or impact of the risk shows
where to spend time and money.
4 (four) Ways to Manage (Mitigate) Risk :
1. TREAT - (Control the risk.)
2. TOLERATE - (Accept or Ignore the risk.)
3. TERMINATE - (Eliminate the risk. Not participate)
4. TRANSFER - (Get Third Party)
5 Steps in a Sound Risk Management Process

7. STEP 4 : Implement Solution
What other solutions can be done? Which solution is best ? Is the
solution effective to mitigate the risk ?
In the application of the solution(s) to mitigate the risk(s) in the
organization, TIME is a BIG FACTOR to consider.
5 Steps in a Sound Risk Management Process

8. STEP 5 : Monitor Results
Invested Input = Process = Harvested Output
(Monitoring & Supervision and Assessment & Evaluation)
If an organization gradually formalizes its
RISK MANAGEMENT PROCESS
and develops a RISK CULTURE, then the organization
will become more RESILIENT and ADAPTABLE
in the face of change and challenges.
5 Steps in a Sound Risk Management Process

9. .
PILLAR 1 : K to 12 Curriculum
RISK MANAGEMENT
Risk Category or
Classification
Measurement
of Probability
1 – 3 – 5 Scale
Impact
3 – 4 – 5
Scale
Average Mitigation Strategy or
Control
1. Identify Risk 2. Measure Risk 3. Examine
Solutions
4. Implement
Solution
5. M
O
Ex.
Change of
Educational
Agenda
Operational
Risk
5
(High)
4
(High)
May
introduce
new
policies
4.5
(High)
Re-
direction
Re-
Adjustment
N
I
T
O
R
R
Funds
Insufficiency
M&S, A&E
Financial
Risk
5
(High)
5
(High)
5
(High)
Revisit
Work &
Financial
Plan
Re-
Adjustment;
Online M&S,
A&E
E
S
U
L
T

10. is simply increasing the likelihood of success
and reducing the likelihood of failure or
uncertainty in leading the overall goals of the
organization.
- Azhar Susanto, Meiryani
The Importance of Risk Management in An Organization
International Journal of Scientific and Technological Research, Volume 7, Issue 11. November 2018
In Conclusion,
Risk Management

11. Thank you so much for listening.
God bless us all !
Have a great day ahead. Good Morning.

12. Risk Management
Presented by:
DR. CONRADO C. DOMINGO
EPSvr 1 Science
Republic of the Philippines
DEPARTMENT OF EDUCATION
Region III – Central Luzon
SCHOOLS DIVISION OF TARLAC PROVINCE
Macabulos Drive, San Roque, Tarlac City, Tarlac
2300