A
Fundamentally important to organizations. In fact, it is often said that it's an organization most valuable asset that it possesses.
Reputation
Refers to the attitudes, beliefs, behaviors and values within an organization regarding risk management.
Risk Culture
LILAC stands for?
Leadership
Involvement
Learning
Accountability
Communication
Known as interpersonal skills or people skills, are non-technical abilities that enable individuals to interact effectively and harmoniously with others in the workplace and beyond
Soft Skills
This skill involves the ability to understand, challenge and articulate problems and concepts and thereby make decisions based on the available information.
Analytical
It's an international organization helping governments tackle the economic, social and governance challenges of a globalized economy.
The Organization for Economic Cooperation an Development (OECD)
4 Components of reputation
Capabilities
Activities
Standards
Ethics
Refers to the level of risk that an organization is willing to accept or tolerate in pursuit of its objectives. It represents the amount and type of risk that an organization considers acceptable in achieving its strategic goals while staying within its risk tolerance boundaries.
Risk Appetite
Refer to the specialized abilities and knowledge required to perform specific tasks or functions within a particular field, industry, or profession. These skills are typically acquired through education, training, and practical experience.
Technical Skills
Covers a very wide range of topics, and risk management is an integral part of the successful corporate governance of every organization
Corporate Governance
It's a technique to ensure that an organization has the most effective and efficient processes and operations.
Business Process Re-engineering
A type of data for shareholders that have access to all news releases and presentations.
Relevant News
Create common purposes and mutual benefits among stakeholders so that the entire system thrives and sustainably generates greater value.
Stakeholder Strategies
Deliver stakeholder expectations and are related to the internal and external context of the organization
Core Process
a set of interconnected processes and resources that starts with the sourcing of raw materials and ends with the delivery of products and services to end users.
Supply Chain
___________ _____________ of an organization may be very different from those who are concerned with the organization’s operations.
Tactical Stakeholders
May be considered to be the type of risk that will disrupt normal everyday activities.
Operational Risk
Components of business model
Customer
Resources
Offering
Resilience
What are the 4 core process?
Strategic
Tactical
Operational
Compliance
CRSA stands for?
Control risk self-assessment
5C's of communication
Clear
Concise
Coherent
Credible
Complete
In order to manage uncertainty in projects, organizations have a range of possible actions they can take. An organization can decide to respond in one of the following ways:
●● accept the risk or uncertainty;
●● adapt activities and procedures;
●● adopt contingency plans and responses;
●● avoid the risk or uncertainty.
What is Nolan Principles of Public Life
Selflessness
Integrity
Objectivity
Accountability
Openness
Honesty
Leadership
The campaign should use more than one means of communication if it is to be successful. The awareness campaign could include all of the LILAC components and may extend to:
200 points each
·risk awareness training;
·awareness poster campaigns;
·site inspections;
·arrangements for reporting defects;
·leaflets and brochures.
7 Importance of Good CSR (200 points each, a total of 1,400 points)
Protecting and enhancing reputation, brand and trust;
Attracting, motivating and retaining talent;
Managing and mitigating risk;
Improving operational and cost efficiency;
Giving the business a licence to operate;
Developing new business opportunities;
Creating a more secure and prosperous operating environment.