The document outlines a comprehensive risk management framework that includes risk identification, assessment, treatment, and monitoring. It emphasizes the importance of communication and continuous improvement to adapt to changing needs and emerging risks. By implementing this framework, organizations can enhance their resilience and decision-making processes.

1. Risk
Management
Framework
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2. RTCompliance

3. Risk Identification
1 The initial step involves identifying and
cataloging potential risks that may impact
organizational objectives, operations, or
projects
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4. Conduct a thorough evaluation
of identified risks, analyzing
their potential impact and
likelihood of occurrence to
prioritize mitigation efforts
Risk Assessment
2
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5. Risk
Treatment
Develop strategies to
address and mitigate
identified risks, which may
include risk avoidance, risk
mitigation, risk transfer, or
risk acceptance
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3

6. Risk Monitoring
4 Establish monitoring mechanisms to track and
assess the effectiveness of risk mitigation
strategies and to identify emerging risks
promptly
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7. Implement clear
communication channels to
disseminate risk information
across the organization,
ensuring stakeholders are
informed and engaged in
risk management efforts.
Communication
and Reporting
5
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8. Continuous
Improvement
Regularly review and update
the risk management
framework to adapt to
changing organizational
needs, industry regulations,
and emerging risks, fostering
continuous improvement
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9. Conclusion
A comprehensive risk management framework,
comprising these essential components, enables
organizations to proactively identify, assess, and
mitigate risks, fostering resilience and enhancing
decision-making processes

10. THANK
YOU
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