Risk Management Planning

Following the risk assessment and risk profiling, Risk Point assists clients in managing risks in their business. This is done through the development of the risk management plan (RMP). The risk management plan is customised and provides the timeframe and resource allocation for the treatment of all risks unacceptable to the business.

Risk Treatment Plans are developed to transfer, minimise (mitigate) or avoid risks that are unacceptable. As each client has a different risk appetite, or ability and desire to retain risk, the risk treatment planning process is customised to meet each client’s requirements.

A communication plan is developed to manage the communication of the risk management programme to all stakeholders, from members of the Board, to all staff in the business.

The monitor and review processes are then planned to ensure that the risk treatment plans are deployed, and that any new risks that arise over the passage of time are identified and analysed.

For more information about risk management, contact us at info@riskpoint.com.au