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Risk is an unavoidable part of doing business, and managing risk is part of everyone’s job – from the board room to the shop floor. To manage risk effectively, organisations must process internal and external information on strategy, environment, regulations, competitive landscape and more. They must process that information through a systematic protocol for managing risk in a constantly changing environment.

This report provides a practical overview of risk management and can be used by executives, managers and staff to gain a solid understanding of the tools and processes of risk management. The included tool kit of 8 hands-on worksheets and activities helps users translate the information into an actionable risk management plan.

Author Jela Webb is a noted consultant, writer, speaker and trainer in knowledge management and risk management fields. In 1992, she was appointed to a new role, Risk Review Manager, in a UK bank, and she has further developed her expertise in the field through MBA studies.

The report covers the following:

• Principles and concepts of risk management
  • Identifying risk
  • Building on KM principles
  • The ‘Four T’s’ of risk management
    
    
• Understanding types of business risk
  • Naming the five categories of risk
  • Gauging risk appetite
    
    
• Managing risk
  • Establishing a RM protocol
  • Tools for RM
  • The role of a Chief Risk Officer
    
    
• Importance of risk management to business

The following activities are included in the Risk Management Tool Kit:

1. Identifying Risk
2. Evaluating Risk
3. Managing Risk
4. Types of Risk
5. Risk Appetite
6. After-Action Reviews
7. Tool Checklist
8. RM Template

View a sample from this report, including table of contents, introduction and one tool kit activity.

Testimonials

Although aimed at risk managers and general managers; the potential usefulness of both the report and the toolkit maybe apparent to a wider audience... . This is not just because of the links it makes with knowledge management, but rather because of the potential benefits of using risk management as a means of selling intangible benefits ... (e.g. being able to access reliable evidence as opposed to not having adequate records to protect the organisation in the event of litigation).
Caroline Ives, Corporate Records Officer within the Business Support and Information Resources Team at Salford City Council, in her review in the Records Management Society's Bulletin.

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