How do you effectively identify the risks threatening your organisation so that you can plan to mitigate those risks and avoid disaster, or even a relatively minor incident that could derail your normal operations and take time, energy and money to correct?
It is just common sense to avoid yet another bushfire if you can. Identifying the variety of risks that could mean significant delays, or worse, is part of Risk Management Planning.
Risk Management Planning is the process of:
- Identifying the risks that threaten your organisation,
- Analysing what effects those risks could have on the organisation,
- And then developing strategies to manage or mitigate those risks.
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Risk Management Plan is an important tool for your organisation and helps to support operational continuity when events threaten part of your operations, or even the whole organisation itself.
While the risks – or even the types of risks – can vary from organisation to organisation or within an organisation from program to program, the process of preparing a Risk Management Plan is a logical step-by-step process that anyone can follow.
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