Saturday, August 4, 2012

Key Risk Governance Concepts

1.  Both “real” and "perceived" risk elements are significant.
2.  For risk planning all stakeholders should be included as contributors.
3.  Risk evaluation should be focused and based on impact and likelihood.  It should be transparent, equitable, effective, efficient, and accountable.
4.  Risk determination should be based on a model that integrates various components of complex systems.
5.  Timely updates should be made to assure that risk assessment is based on the best available knowledge and judgment.

No comments: