The document outlines a practical risk management framework, emphasizing the importance of aligning risk assessment with organizational objectives and stakeholder needs. It details processes for defining risk likelihood and impact, planning risk mitigation, and monitoring risks over time. Additionally, it highlights the use of the BSC Designer platform to automate the risk management process within strategic planning.

1. Practical
Risk Management

2. Risk Assessment
1
Risk
Goal Stakeholders
Driving Forces
Assess risk in the context of
objectives and stakeholders’ needs.
Early Sign Metrics
Practical Risk Management | BSC Designer

3. Risk Analysis
2
Define likelihood and impact for initial
and acceptable risk levels.
Practical Risk Management | BSC Designer

4. Risk Response
3
Plan to reduce risk; track the
progress of risk mitigation.
Practical Risk Management | BSC Designer

5. Risk Monitoring
4
Track risks over time, have a fresh
view of risk exposure.
Practical Risk Management | BSC Designer

6. Automate
Use the BSC Designer platform to
automate risk management as part
of strategic planning.
Practical Risk Management | BSC Designer