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  • Risk

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    Tam Chun Kit
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    The document discusses risk and the process for identifying risks and opportunities within an organization. It states that risk is the uncertainty caused by internal and external factors that could affect an organization achieving its objectives. It recommends that the risk identification process involve management from different departments and use techniques like brainstorming, checklists, and SWOT analyses to identify potential risks, causes, and consequences. Finally, it notes that a risk register tracking identified risks and opportunities by department/activity should be regularly generated and updated.

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    Risk Management

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    The document discusses risk and the process for identifying risks and opportunities within an organization. It states that risk is the uncertainty caused by internal and external factors that could affect an organization achieving its objectives. It recommends that the risk identification process involve management from different departments and use techniques like brainstorming, checklists, and SWOT analyses to identify potential risks, causes, and consequences. Finally, it notes that a risk register tracking identified risks and opportunities by department/activity should be regularly generated and updated.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views4 pages

    Risk

    Uploaded by

    Tam Chun Kit
    The document discusses risk and the process for identifying risks and opportunities within an organization. It states that risk is the uncertainty caused by internal and external factors that could affect an organization achieving its objectives. It recommends that the risk identification process involve management from different departments and use techniques like brainstorming, checklists, and SWOT analyses to identify potential risks, causes, and consequences. Finally, it notes that a risk register tracking identified risks and opportunities by department/activity should be regularly generated and updated.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    INTERPRETATION

    Risk
    The internal and external factors
    that make an organisation uncertain
    whether and when they will achieve
    their objectives.
    The affect that this uncertainty has
    on an organisations objective is
    RISK

    Process on identifying Risk &


    Opportunities

    Risk Identification shall involve the management


    team from various departments across the
    organisation.

    The team shall identifying sources of risk, their


    causes and their potential consequences.
    Following methods could be considered in
    identifying risk & opportunities;

    Brainstorming

    Use of checklists

    Strengths, Weaknesses, Opportunities,


    Threats (SWOT) Analysis

    A Risk Register (as follows) will be


    generated and updated in yearly basic or
    as needed;

    Risk Register as on January.2016


    Department /
    Identified Risk
    Identified
    activities
    Opportunities

    Example
    Bad debt from
    Increase
    Provide
    customer
    business
    payment term
    to royalty
    customer
    (Marketing)
    Example
    High reject rate Reduced cost of
    Recycle grade
    production
    B material
    (Production)

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