4. 4
RISK MANAGEMENT PROCESS
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IDENTIFY
RISK
CONTROL
RISK
ASSESS
RISK
REVIEW
CONTROLS
The company identifies and defines
potential risks that may negatively
influence a specific company process or
project.
The risk is then further evaluated after
determining the risk's overall likelihood
of occurrence combined with its overall
consequence.
Following up on both the risks and the
overall plan to continuously monitor and
track new and existing risks.
During this step, companies assess their
highest-ranked risks and develop a plan
to alleviate them using specific risk
controls.
6. 6
RISK MANAGEMENT STRATEGIES
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CERTAIN
LIKELY
POSSIBLE
UNLIKELY
RARE
INSIGNIFICANT MINOR SIGNIFICANT MAJOR CATASTROPHIC
Low Moderate
Moderate
Moderate
High
High
Moderate
Moderate
Extreme
High
High
Moderate
Extreme
Extreme
High
Moderate
SIGNIFICANCE
LIKELIHOOD
Low
Low
Low
Low Low
Low
Low Low Low
7. 7
CERTAIN
LIKELY
POSSIBLE
UNLIKELY
RARE
INSIGNIFICANT MINOR SIGNIFICANT MAJOR CATASTROPHIC
LOW MODERATE
MODERATE
MODERATE
HIGH
HIGH
MODERATE
MODERATE
EXTREME
HIGH
HIGH
MODERATE
EXTREME
EXTREME
HIGH
MODERATE
SIGNIFICANCE
LIKELIHOOD
LOW
LOW
LOW
LOW LOW
LOW
LOW LOW LOW
RISK ASSESSMENT MATRIX
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8. 8
RISK ASSESSMENT MATRIX
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Low Medium High
Medium
Low
High
RISK CONSEQUENCE
RISK
LIKELIHOOD
Risk Level: Low Medium High
#
RISK
DESCRIPTION
RISK
MITIGATION
PLAN
1
Green marketing is a
practice whereby
companies seek to go
above and.
Green marketing is a
practice whereby
companies seek to go
above and.
2
Green marketing is a
practice whereby
companies seek to go
above and.
Green marketing is a
practice whereby
companies seek to go
above and.
3
Green marketing is a
practice whereby
companies seek to go
above and.
Green marketing is a
practice whereby
companies seek to go
above and.
9. 9
RISK ASSESSMENT MATRIX
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Incidental Minor Serious Major Catastrophic
Unlikely
Remote
Seldom
Occasional
Frequent
CONSEQUENCE/SEVERITY
RISK
LIKELIHOOD
12. 12
RISK
MANAGEMENT
FRAMEWORK
IDENTIFY RISK
CONTROL RISK
ASSESS RISK
REVIEW CONTROLS
The company identifies
and defines potential
risks that may
negatively influence a
specific company
process or project.
Following up on both the risks
and the overall plan to
continuously monitor and track
new and existing risks.
The risk is then further
evaluated after
determining the risk's
overall likelihood of
occurrence combined
with its overall
consequence.
During this step, companies assess
their highest-ranked risks and develop
a plan to alleviate them using specific
risk controls.
13. 13
LOW LOW LOW LOW LOW
LOW LOW LOW
LOW LOW
LOW
LOW
MEDIUM
MEDIUM
MEDIUM
MEDIUM
MEDIUM
MEDIUM
MEDIUM
MEDIUM
MEDIUM
HIGH
HIGH
HIGH
EXTREME
ALMOST
CERTAIN
LIKELY
POSSIBLE
UNLIKELY
RARE
INSIGNIFICANT
MINOR
MODERATE
MAJOR
EXTREME
STRUCTURE
Green marketing is a practice whereby
companies seek to go above.
STRUCTURE
Green marketing is a practice whereby
companies seek to go above.
STRUCTURE
Green marketing is a practice whereby
companies seek to go above.
STRUCTURE
Green marketing is a practice whereby
companies seek to go above.
RISK ASSESSMENT MATRIX
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15. 15
RISK MANAGEMENT PROCESS
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ESTABLISH
THE
CONTEXT
IDENTIFY
RISK
ANALYZE
RISK
EVALUATE
RISK
TREAT
RISK
MONITOR
&
REVIEW
RISK ASSESSMENT
16. 16
INSTITUTIONAL RISK MATURITY
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NAIVE AWARE DEFINED MANAGED ENABLED
STRUCTURE
Has not yet developed an
approach for risk
management.
Risks are a nuisance,
would rather avoid the
talk of them.
Scattered silo based
approach to risk
management.
Mitigate risks as they
become relevant.
Risk management strategy
and policies in place and
communicated across the
organization.
Enterprise wide risk
management approach
considering risk at highest
level but could be further
enabled in decision
making.
Risks taken on an
informed basis.
Risk management is used
to help manage multiple
aspects of the institution.
17. 17
IDENTIFY
RISK
CONTROL
RISK
ASSESS
RISK
REVIEW
CONTROLS
Document the risks and related events and bring
together risk management related data in a risk
register that includes risk description, severity and
impact, consequences, risk rating, mitigation plan
and related emerging issues.
Assess and measure identified risks using a set of
criteria that includes impact, likelihood, controllability,
and other determinants. Prioritize the risks and assist
managers in determining which risks need to be
addressed first.
RISK
MANAGEMENT
PROCESS
Leverage on established risk management frameworks
to define a set of controls that mitigate those risks.
Develop assessment plans to evaluate and ensure
effectiveness of the controls, and assign to owners
based on roles and responsibilities.
Provide up to date information on risk management
across the enterprise, including risk-control
assessments, near-misses, remediation statuses,
successes, failures and trends. Drill-down at finer levels
of detail on specific risks.
18. 18
RISK MANAGEMENT
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REPORTS
AND
DOCS
RISK
TRACKER
RISK MANAGEMENT
WORKFLOW
CLASSIFICATION
AND
ASSESSMENT
RISK
MITIGATION
CATION
19. 19
RISK MANAGEMENT MODEL
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MEDIUM HIGH
LOW
LOW
MEDIUM
HIGH
LIKELIHOOD
IMPACT
Intensive
management
Requires
monitoring and
management
Close monitoring
required
Management
required
Management
recommended
Risk may be
accepted, but
requires
monitoring
Managed
Risk acceptable,
requires regulation
Acceptable risk