Managing risk

Risk Assessment

Managing risk

It is good practice to carry out regular comprehensive assessments of all the risks faced by your organisation and to maintain a register of them. Many of these risks will be operational: delays or shortfalls in trading income, accidents, staff absences, mishandling of money, client abuse etc. Some risks will be strategic, in that they carry a threat to the long-term effectiveness or viability of the organisation.

 In a funding crisis, it is vital to assess the strategic risks. Typically you would do so in terms of:

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