Transcription of Risk Management – Guide
{{id}} {{{paragraph}}}
Environmental AffairsDepartment:REPUBLIC OF SOUTH AFRICA environmental affairsRisk Management Guide 2 CONTENTSFOREWORD ..4 INTRODUCTION ..5 Purpose ..5 Structure ..6 GUIDEBOOK: WHAT IS RISK Management ?INTRODUCTION ..8 DEFINITION ..8 OVERVIEW ..9 Why do we need risk Management ? ..10 Corporate governance ..10 Planning and organisation ..11 Continuous risk assessment ..11 Evolution of risk Management ..12 Internal audit plans ..12 Cultural adjustment ..13 CONCLUSION ..13 GUIDEBOOK: RISK IDENTIFICATIONINTRODUCTION ..14 THE RISK IDENTIFICATION PROCESS ..14 Understand what to consider ..15 Gather information to identify risks ..16 Apply risk identification tools ..17 Document/ record risks identified ..18 Risk identification examples ..20 Document the risk identification process ..22 The outputs of risk identification ..22 GUIDEBOOK: CONTROL ACTIVITIESINTRODUCTION ..23 OUPUTS ..23 CONTROL TYPES AND CONTROL TIMING.
4.3 Continuous risk assessment The risk profile of an institution is fluid, which is to say that it is chang-ing on a continuous basis. Some risks are created by changes initi-ated by the institution. Others are the result of changes in society, business, legislation or communities. Even the best management teams will struggle to keep an accu-
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}