Risk Management

Risk Management

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Risk Management by Mind Map: Risk Management

1. Education

1.1. Limited Formal

1.2. Primarily Informal

2. Risk Approach

2.1. Holistic

2.2. Departmental

3. Communication

3.1. Formal

3.1.1. Reporting

3.1.2. Email Notifications

3.2. Informal

3.2.1. Word of Mouth

3.2.2. Organization Culture

4. Risk Appetite

4.1. Set by BOD

4.2. Monitored by Management

5. Value Creation

5.1. Reduction of loss

5.2. Exploitation of Opportunity

6. Risk Management Elements

6.1. Identification

6.2. Analysis

6.3. Response

6.4. Monitor