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Risk Management Model
digital
Created on April 4, 2019
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Transcript
Exploring the stages of the Risk management model
Communication and Consultation
Monitor and Manage
Diagnosis
Decision
Treatment
You should first establish the context, identify risks, and analyse those risks.
Take action, ensuring that mitigations and control strategies are in place to reduce the risk level.
Communication is important to ensure that risks are captured and the best solution can be found.
Monitoring and managing to ensure that only risks are faced that the organisation wants to be exposed to.
Evaluate and decide on how to treat the risks based on the risk level.