What re the characteristics of risk management?

Risk management is used to;

- Identify ANY potential risk to a business in any department of that business

- Drill down in each departments risk to function/security/safety or financials and prepare a level rating of low, medium, high or critical list which can then again be identified and action planned to remove, counter or manage that risk

- Review risk management plans and continue to identify risks to the business and test the counter risk stratagy inplace for its effectieness

- Once Identified a Risk has a set of contingencies attached especially where risk cannot be erradicated only managed.

- Communication of the risk factor top down in the bussiness and specific training in dealing with the risk arranged and put in place as part of the counter risk stratagy