Risk Management

     Principles

a) Risk management creates and protects value.

b) Risk management is an integral part of all organizational processes.

c) Risk management is part of decision making.

d) Risk management explicitly addresses uncertainty.

e) Risk management is systematic, structured and timely.

f} Risk management is based on the best available information.

g) Risk management is tailored.

h) Risk management takes human and cultural factors into account.

i) Risk management is transparent and inclusive.

j) Risk management is dynamic, iterative and responsive to change.

k) Risk management facilitates continual improvement of the organization.

Risk Management Framework

     Risk Management Process