4. Explicitly address uncertainty
By identifying potential risks, agencies can implement
controls and treatments to maximise the chance of gain
while minimising the chance of loss.
5. Be systematic, structured and timely
The process of risk management should be consistent
across an agency to ensure efficiency, consistency and the
reliability of results.
6. Based on the best available information
To effectively manage risk it is important to understand and
consider all available information relevant to an activity
and to be aware that there may be limitations on that
information. It is then important to understand how all this
information informs the risk management process.
7. Be tailored
An agency’s risk management framework needs to include
its risk profile, as well as take into consideration its internal
and external operating environment.
8. Take into account human and cultural factors
Risk management needsto recognise the contribution
that people and culture have on achieving an agency’s
objectives.
9. Be transparent and inclusive
Engaging stakeholders, both internal and external,
throughout the risk management process recognises that
communication and consultation is key to identifying,
analysing and monitoring risk.
10. Be dynamic, iterative and responsive to change
The process of managing risk needs to be flexible. The
challenging environment we operate in requires agencies to
consider the context for managing risk as well as continuing
to identify new risks that emerge, and make allowances for
those risks that no longer exist.
11. Facilitate the continual improvement
of organisations
Agencies with a mature risk management culture
are those that have invested resources over time and
are able to demonstrate the continual achievement
of their objectives.
4. Explicitly address uncertaintyBy identifying potential risks, agencies can implementcontrols and treatments to maximise the chance of gainwhile minimising the chance of loss.5. Be systematic, structured and timelyThe process of risk management should be consistentacross an agency to ensure efficiency, consistency and thereliability of results.6. Based on the best available informationTo effectively manage risk it is important to understand andconsider all available information relevant to an activityand to be aware that there may be limitations on thatinformation. It is then important to understand how all thisinformation informs the risk management process.7. Be tailoredAn agency’s risk management framework needs to includeits risk profile, as well as take into consideration its internaland external operating environment.8. Take into account human and cultural factorsRisk management needsto recognise the contributionthat people and culture have on achieving an agency’sobjectives.9. Be transparent and inclusiveEngaging stakeholders, both internal and external,throughout the risk management process recognises thatcommunication and consultation is key to identifying,analysing and monitoring risk.10. Be dynamic, iterative and responsive to changeThe process of managing risk needs to be flexible. Thechallenging environment we operate in requires agencies toconsider the context for managing risk as well as continuingการระบุความเสี่ยงใหม่ที่โผล่ออกมา และเผื่อสำหรับความเสี่ยงดังกล่าวที่ไม่มีอยู่11. การอำนวยความสะดวกในการปรับปรุงอย่างต่อเนื่องขององค์กรหน่วยงาน มีวัฒนธรรมการบริหารความเสี่ยงอ้วนมีการลงทุนทรัพยากรเวลา และสามารถที่จะแสดงให้เห็นถึงความสำเร็จอย่างต่อเนื่องวัตถุประสงค์ของพวกเขา
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