Download Our COVID-19 Risk Assessment Checklist

Find Out How

The Importance of Risk Frameworks and Processes

  • Creative Approach

    Creative Approach

    We provide a creative approach to
    operational risk management for businesses
    thet want smart, effective solutions.

  • Doing Things Differently

    Doing Things Differently

    We do it a bit differently to the others.
    We’re creative. We think outside the box –
    rather than just ticking them.

  • Our Approach

    Our Approach

    Our approach acknowledges that everyone
    in your business plays a vital role in making
    a healthy and safe work place.

Risk Framework

Establishing a risk framework is a critical piece of work for any organisation, as it guides how risk will be approached and managed. It is a series of documents such as risk policy, assessment and management procedures and processes that guide how risk will be managed. Key stages in the development of the risk framework include:

  • Design. Your risk framework is not a generic, one size fits all document. It should be tailored to you and the environment you operate in. The risk framework describes how risk will be managed within your organisation and by whom. It should be immediately recognisable to all that it helps guide decision making in your business and demonstrate the level of risk taking and risk prevention that you are comfortable with. Riskcom can help you design your risk framework, so that it works for your business.
  • Implementation. Once it is designed, you will need to implement the framework. Because risk management touches all aspects of decision making across the business, implementing the risk framework can seem like a daunting task. With Riskcom as your partner, we can help you design and manage a staged implementation of the framework, identifying key stakeholders you need to engage with so that at the end of the implementation, you have risk management capability that is embedded throughout your business.

Once you have implemented your risk framework, you can work towards embedding the processes for risk identification, assessment, monitoring and reporting.
For more information, click here

Some of our clients

Have a question about risk management? Our team can help.

Get in touch

Risk Management Solutions Melbourne | Riskcom