Risk Management

1. Communication

1.1. Formal

1.1.1. Reporting

1.1.2. Email Notifications

1.2. Informal

1.2.1. Word of Mouth

1.2.2. Organization Culture

2. Risk Appetite

2.1. Set by BOD

2.2. Monitored by Management

3. Value Creation

3.1. Reduction of loss

3.2. Exploitation of Opportunity

4. Education

4.1. Limited Formal

4.2. Primarily Informal

5. Risk Approach

5.1. Holistic

5.2. Departmental

6. Risk Management Elements

6.1. Identification

6.2. Analysis

6.3. Response

6.4. Monitor