Manage Organisational Risks

By: Human Capital Singapore  08/12/2011
Keywords: Human Resource Management, Talent Management, Human Capital Management


Establish the risk management context

·         Establish the scope of risk management

·         Work with stakeholders to identify risks and any contributing internal and external factors

·         Analyse the likelihood and impact of risks to establish priorities for risk management

Develop risk management plan

·         Identify potential strategies for mitigating risks

·         Develop plans for implementing risk mitigation strategies outlining resources required for implementation

·         Communicate risk management plan to stakeholders to ensure buy-in and support

Manage organisational risks

·         Monitor activities to assess emerging and identified risks to the business operations

·         Respond to emerging or identified risks in accordance with mitigation strategies

·         Facilitate implementation of treatment plans when risks eventuate

Evaluate risk management performance

·         Identify criteria to evaluate the performance of risk management strategy defining specific measures to be used

·         Support the development of processes and systems to gather measurement data and feedback

·         Monitor external influences and trends that may impact on risk management strategy

·         Analyse data to refine risk management strategy

Keywords: Human Capital Management, Human Resource Management, Talent Management

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