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Preparing a Risk Register

romanhaluszczak4

Updated: Feb 22, 2021

We have tried to broadly categorise levels of risk that an organisation faces. As stated previously these categories can be divided into the following categories : business, operational, market, credit ,reputational and systemic.

The first steps that an organisation can take is to actively minitor the risks it faces, both internal to itself and from its environment.


This process of examining its environment is a constant process which feeds into its financial and policy setting activities.


It is not a doom ladden process but it must consist of constantly reviewing its position and being realistic.

Without such a process the quest for operational resilience in an organisation can be thwarted.


Such a process is formally known as horizon scanning.


How effective is this in your organisation and who carries it out?


Does it link in with your local resilience forum outputs and your policy and budget setting?


Does it link to your budgets and reserves?


Are they adequate to take the strain?


We will examine these in later blogs but as a first step, horizon scanning must be delivered in a truthful and meaningful way!


It must be undertaken to prepare your risk register!


How do you ensure this to be so in your organisation?😁






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romanhaluszczak4
21. Feb. 2021

Just had a comment on twitter from Chris Brain my former colleague and now a property consultant. Risk registers include risks where a probability of occurrence and income can be measured. Uncertainty cannot be measured in these terms and isn't included in risk registers. As a proxy for this we can include the probability of system failure from whatever source. This could be helpful!

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