brisks band bmanaging bthe bcombined bimpact bof bthose brisks bas ban binterrelated brisk
bportfolio.
Support bFunction: bBusiness bcontinuity band bcrisis bmanagement b- banswer-Risk
bidentification, bassessment band bcreation bof bemergency bresponse band brecovery bplans
Risk bappetite b- banswer-The btotal bexposed bamount bthat ban borganization bwishes bto
bundertake bon bthe bbasis bof brisk-return btrade-offs bfor bone bor bmore bdesire band bexpected
boutcomes.
Communication band bConsultation b- banswer-Risk bmanagement bprofessional's brole bin
bImplementing bRisk bStrategies
Support bFunction: bLegal b- banswer-Risk bidentification, bassessment band btreatment bof
brisks brelated bto bthe bobligation ban borganization bundertakes band btransfers bthrough
bcontracting, bas bwell bas bits bcompliance bwith bapplicable blaws band bregulatory bobligations.
What bare bthe btypical bfailures bin brisk bmanagement bwhich bcan bbe bavoided bif bit bis
bembedded bin bthe bdecision bmaking bprocess? b- banswer-Program bnot bintegrated binto
bstrategy bor bits bexecution; bFocused bon bthe bwrong brisks; bNot bexecuted bin ba brepeatable
bprocess; bRisk bmanagement bis bpracticed bin ba bsilo; bActivity bnot bviewed bas bbeing bvalue
badded
Strategic bPlan b- banswer-Determines bthat bactions bthe borganization bwill btake bat bany
bstage bof bthe bplanning bperiod bas bcircumstances bchange.
Risk btolerance b- banswer-The bamount bof buncertainty ban borganization bis bprepared bto
baccept bin btotal bor bmore bnarrowly bwithin ba bcertain bbusiness bunit, ba bparticular brisk
bcategory bor bfor ba bspecific binitiative.
Strategic bRisk bManagement b- banswer-A bbusiness bdiscipline bthat bdrives bdeliberation
band baction bregarding buncertainties band buntapped bopportunities bthat baffect ban
borganization's bstrategy band bstrategic bexecution.
Value bChain b- banswer-The bseries bof bfunctions, bprocesses, bmaterials band bactivities
b(inputs) bfrom bconcept bto bthe beventual bend buser bthat bcreates band bbuilds bvalue bat bevery
bstep bin border bto bdeliver ba bproduct bor bservice.
To bbuild borganizational bawareness, bthe brisk bmanagement bprofessional bneeds bto bdo bthe
bfollowing: b- banswer-Be ba bpersuasive bcommunicator band bfacilitator; bHave ba bclear
bcommunication bplan; bEngage binterested bparties, bincluding bprimary band bsecondary
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