015 - Risk-management-procedures.pdf

Risk management process a risk to the naja group of

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Risk management process A risk to The Naja Group of Colleges is any event or action that could have a negative impact on the organisation. This includes events that could lead to: death or injury financial loss to The Naja Group of Colleges damage to The Naja Group of Colleges’ reputation or adverse media coverage damage to the physical environment, including land, water or air quality failure to meet regulatory or legislative requirements. The risk management policy specifies that: all business activities must undergo risk assessment prior to commencing and then undergo risk management throughout risk identification, analysis, evaluation and treatment must be reported and recorded in The Naja Group of Colleges’ risk register.
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NGC Risk Management Procedure The Naja Group of Colleges Page 2 of 2 1. Risk identification Risk identification is a structured approach to identifying the events that, if they were to occur, could have a negative impact on the organisation. 2. Risk rating Risk rating is a process to analyse and understand each of the risks, including understanding what causes the risk to occur and what controls are already in place to manage the risk. Risk assessment also determines:
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  • Two '18
  • Bipin
  • Naja Group, Naja Group of Colleges

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