RISK360® provides the framework for effective, transparent and accountable risk management:
COMMUNICATE & CONSULT
Start by involving all stakeholders each step of the way to ensure risks are identified and effective plans developed.
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ESTABLISH THE CONTEXT
Analyse your organisation’s internal and external environment to establish the criteria against which to identify, prioritise and evaluate risks.
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IDENTIFY RISKS
Identify where, when, why and how scenarios could represent risk to your business using a comprehensive, structured identification process.
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ANALYSE RISKS
Understand the sources of potential risks, their likelihood, their consequences and their existing controls.
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EVALUATE RISKS
Make informed decisions about which risks need management and which are the highest priority.
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TREAT RISKS
Assess the options for managing risks and implementing appropriate risk management plans.
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MONITOR & REVIEW
Regular ongoing review is essential to ensure that the management plan remains relevant and effective.
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