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Managing Your Risk

Managing Your Risk. Risk - the potential for an incident, activity or situation where health, safety, security or liability could be adversely affected. Risk Management - Measures that organizations take to eliminate, avoid, prevent or minimize harm, loss, danger or injury. Types of Risk.

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Managing Your Risk

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  1. Managing Your Risk

  2. Risk- the potential for an incident, activity or situation where health, safety, security or liability could be adversely affected. • Risk Management - Measures that organizations take to eliminate, avoid, prevent or minimize harm, loss, danger or injury.

  3. Types of Risk • Property • Hazardous materials, equipment, buildings, traffic, water, fire • Financial • Taxes, money not accounted for, loss of income, • People • Sexual assault, alcohol related incidents, health related, injuries • Goodwill • Reputation, public relations .

  4. Risk Management Process • Identify • Analyze • Evaluate • Decide strategy- frequency & severity • Assume • Reduce • Eliminate • Transfer • Implement plans • Monitor and review

  5. The Realities • Ongoing activity • Ignoring it won’t make it go away • Impossible to make organizations absolutely safe • Don’t take the easy, cheapest or least complicated or upsetting way out • Framework to ensure it is comprehensive and easier to monitor and evaluate • Does not need to be high tech

  6. Risk Management Chart

  7. Don’t get too caught up in the risk! • weigh the benefits against the risks involved Risk Benefit

  8. Wrap Up • Risk is inevitable • Everyone and everything is at risk • You can’t eliminate it, but you can control it • Reducing risk makes your organization better • Reducing risk fulfills your obligation to your organization’s members, funders and the public …not all risks are bad!

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