Risk Managment full assingmetn
TABLE OF CONTENTS
1. Executive summary 4
2. Introduction 5
3. Risk management glossary and terms 8
4. Objective of risk management Plan 11 4.1 Financial Forces 13 4.2 Political Forces 13 4.3 Market Forces 14
5. Creation of risk management Policy 14 5.1 Role of the Board 14 5.2 Role of the Risk Management Office 14 5.3 Role of Internal Auditors 15 5.4 Risk Committee 15 5.5 Senior Management 15 5.6 Middle line manager (supervisors) 15 5.7 Staff and Contractors 15 5.8 Policy Requirements 15 5.9 Review and approval 15
6. Interdependency of risk management with strategic planning 16
7. Relationship with Corporate Governance……………………………………………….....17
8. Organizational chart with responsibilities and accountability…………………………….18 8.1 Risk Managers………………………………………………………………………………19 8.2 Risk team members………………………………………………………………………….19 8.3 Risk Owners…..…………………………………………………………………………….19
9. Communication and consultation plan schedule/method 20
10. Risk Management Framework (RMFW) 22 10.1 Context 22 10.2 Matrix 23 10.3 Risk criteria 27
11. Risk identification and assessment techniques 28 11.1 Brainstorming 28 11.2 Delphi Technique 28 11.3 Bow-Tie Analysis 28 11.4 SWOT Analysis 29 11.5 PESTEL Analysis 30 11.6 Political 31 11.7 Environmental 31 11.8 Social 31 11.9 Technology 31 11.10 Economic…………………………………………………………………………………………………………………..31 11.11 Legal…………………………………………………………………………………………………………………………31
12.Risk Management Processes 32
13.Risk Registers 34
14.Risk Profile 46
15. Risk Apatite and Risk Tolerance 46
16.Risk Treatment Plan 48
17.Monitor And Review Plan /Schedule 54
18.Risk Management Program Outline/Schedule 57
19.Performance measurement of the plan 58
20. Risk Management Implementation And Integration Plan………………………………..59
21.
1. Executive summary 4
2. Introduction 5
3. Risk management glossary and terms 8
4. Objective of risk management Plan 11 4.1 Financial Forces 13 4.2 Political Forces 13 4.3 Market Forces 14
5. Creation of risk management Policy 14 5.1 Role of the Board 14 5.2 Role of the Risk Management Office 14 5.3 Role of Internal Auditors 15 5.4 Risk Committee 15 5.5 Senior Management 15 5.6 Middle line manager (supervisors) 15 5.7 Staff and Contractors 15 5.8 Policy Requirements 15 5.9 Review and approval 15
6. Interdependency of risk management with strategic planning 16
7. Relationship with Corporate Governance……………………………………………….....17
8. Organizational chart with responsibilities and accountability…………………………….18 8.1 Risk Managers………………………………………………………………………………19 8.2 Risk team members………………………………………………………………………….19 8.3 Risk Owners…..…………………………………………………………………………….19
9. Communication and consultation plan schedule/method 20
10. Risk Management Framework (RMFW) 22 10.1 Context 22 10.2 Matrix 23 10.3 Risk criteria 27
11. Risk identification and assessment techniques 28 11.1 Brainstorming 28 11.2 Delphi Technique 28 11.3 Bow-Tie Analysis 28 11.4 SWOT Analysis 29 11.5 PESTEL Analysis 30 11.6 Political 31 11.7 Environmental 31 11.8 Social 31 11.9 Technology 31 11.10 Economic…………………………………………………………………………………………………………………..31 11.11 Legal…………………………………………………………………………………………………………………………31
12.Risk Management Processes 32
13.Risk Registers 34
14.Risk Profile 46
15. Risk Apatite and Risk Tolerance 46
16.Risk Treatment Plan 48
17.Monitor And Review Plan /Schedule 54
18.Risk Management Program Outline/Schedule 57
19.Performance measurement of the plan 58
20. Risk Management Implementation And Integration Plan………………………………..59
21.