Risk Management in Business Planning

<p>To prevent money laundering</p> Signup and view all the answers

<p>To outline treasury's approach to enterprise risk management</p> Signup and view all the answers

<p>To act as a global securities regulator</p> Signup and view all the answers

<p>To make informed business decisions with confidence</p> Signup and view all the answers

<p>Staff being alert to risks and performing risk assessments</p> Signup and view all the answers

<p>To establish the scope, context, and criteria for risk management</p> Signup and view all the answers

<p>Reducing exposure to surprises and achieving strategic objectives</p> Signup and view all the answers

<p>To provide a framework for informed decision-making</p> Signup and view all the answers

<p>Greater certainty in achieving strategic objectives</p> Signup and view all the answers

<p>To react to risks that have occurred</p> Signup and view all the answers

<p>Escalating the risk to the next level of management for review and acceptance</p> Signup and view all the answers

<p>To reduce the residual risk level to a tolerable level</p> Signup and view all the answers

<p>The willingness of the organization to tolerate risks of that type and level</p> Signup and view all the answers

<p>To ensure that the risks remain tolerable</p> Signup and view all the answers

<p>Avoiding risks with detrimental consequences by deciding not to proceed with the activity likely to create risk</p> Signup and view all the answers

<p>From a combination of Government priorities, Treasury's strategic planning, Division's business plan, and program or project plan</p> Signup and view all the answers

<p>Strategic Risks</p> Signup and view all the answers

<p>Each group and associated divisional head, or the relevant program or project steering committee</p> Signup and view all the answers

<p>To assess, prioritize, and mitigate risks throughout the project life cycle</p> Signup and view all the answers

<p>Annually, or at least once at each phase of the project life cycle</p> Signup and view all the answers

<p>To prevent, degrade, or delay the achievement of business objectives</p> Signup and view all the answers

<p>To enhance the likelihood of beneficial outcomes and reduce the likelihood of negative outcomes</p> Signup and view all the answers

<p>To take out appropriate insurances or warranties</p> Signup and view all the answers

<p>To identify new risks and update the risk register</p> Signup and view all the answers

<p>To facilitate training on risk management processes</p> Signup and view all the answers

<p>To record and track risks</p> Signup and view all the answers

<p>To train staff on risk management processes</p> Signup and view all the answers