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Risk Management 101
Risk management involves defining scenarios to assess potential risks, planning prevention and response strategies, and mitigating risks through policies and procedures. It requires envisioning what could go wrong, developing action plans, determining if risks can be prevented and if not, having response plans, creating policies to guide decisions, setting procedures for handling incidents, and regularly practicing this process.
Risk Management 101
- 1.
- 2. 2 What is RiskManagement? Definitions
- 3. 3 • Scenarios • Planning •Mitigation What is Risk Management? Definitions
- 4. 4 • Let’s play! RiskManagement Scenarios
- 5.
- 6. 6 • Prevention • Policies •Procedures Risk Management Mitigation
- 7. 7 Risk Management Mitigation -Prevention Can you prevent? Yes Make it so No Have a plan
- 8. 8 • Whatever you’redoing wrong • Don’t do it again • Really… • Don’t. Risk Management Mitigation - Policies
- 9. 9 • Oops, Idid it again • Now what? Risk Management Mitigation - Procedures
- 10. 10 • Put itall together now • Repeat often Risk Management Summary Scenarios PlanningMitigation
Editor's Notes
- #3 Big, scary definition.
- #4 Not so scary.
- #5 What if…how much will it impact the bottom line?
- #6 Now you’re all sleepless, develop a plan for those what ifs.
- #7 What else can we do? We want to avoid risks, solve problems.
- #8 Ask yourself…
- #9 If you can prevent it, do so….and keep doing it. Review often, make sure you keep up on managing those risks! Policies help give guidelines to new and existing employees, both formally and informally.
- #10 We’re not perfect. Procedures help determine what you can do if a policy is broken or a risk repeated. Deal with the immediate risk, consequences.
- #11 Wash, rinse, repeat. Ask your employees, their what ifs are not yours. Create a cultural of security is everyone’s business and everyone is important to it. Awareness, education, encouragement.