Risk Assessments: What managers should know when reviewing

08 Sep 2022
11:10 - 11:40

Risk Assessments: What managers should know when reviewing

Managers are required to review and approve risk assessments within their sphere of control. Too often managers will be presented with inadequate risk assessments that do not provide sufficient context of the risk, poorly developed risk scenarios and ineffective controls. There is a risk that managers will not have a true understanding of the risk they are taking accountability for and have insufficient information to make informed decisions.

This presentation will discuss:

  • Managers need reliable, accurate information available to make informed decisions
  • Why we assess risk
  • What good looks like
  • Why context is essential
  • Credible risk scenarios
  • What makes an effective control • Common pitfalls of the risk assessment
  • A quick quality checklist