1. 1. Risk management for charities Getting started January 2015 Rebecca Bowry Alyson Pepperill
2. 2. Why more guidance???
3. 3. What is risk management? Some definitions: RISK this is something that might or might not happen but, if it does, could stop you achieving your objectives ISSUE this is an unplanned event that has already happened and needs action to manage it so the effect on your objectives is minimised RISK MANAGEMENT any activity taken to identify and then control the level of risk which objectives face
4. 4. Why do we need to do it? Effective risk management helps you: Achieve your objectives more successfully Protect your funds and assets Maintain trust and confidence Reduce fire-fighting and stress!
5. 5. So how do we do it? Process overview
6. 6. Put simply 5 key steps: 1. Be clear about what youre trying to achieve 2. Identify, analyse and assess the risks 3. Decide how to manage the risks 4. Monitor and review the risks 5. Communicate and report to the right people
7. 7. Rebecca Bowry AP Alyson Pepperill Next webinar: Risk assessment - How to identify, analyse and assess your risks COMING SOON!