RTCompliance
RISK MANAGEMENT
FRAMEWORK EXPLAINED
A risk management framework provides a structured
approach for organizations to identify, assess, and
mitigate risks effectively.
RTCompliance
5 Key
Components
01
The first step in the risk management framework
is identifying potential risks that could impact
the organization's objectives
ESG
Risk Identification
02
Risk assessment involves evaluating the
probability of occurrence and the severity of
consequences associated with each risk
Risk Assessment
RTCompliance
Risk Monitoring and Control
04
Risk Mitigation
03
After assessing risks, organizations
develop strategies to mitigate or
control them.
Organizations establish mechanisms to
track changes in risk factors, monitor the
effectiveness of mitigation measures, and
adjust strategies as needed
RTCompliance
05
Effective risk communication is
essential for ensuring
stakeholders understand the
organization's risk exposure and
mitigation efforts
Risk Communication
RTCompliance
Conclusion
Enables organizations to proactively identify, assess,
mitigate, and communicate risks effectively, ultimately
enhancing resilience and supporting long-term success
RTCompliance
THANK
YOU
RTCompliance
support@rtcompliance.sg
www.rtcompliance.sg
CONTACT US :

Risk Management Framework Explained 5 Key Components Discussed.pdf