What is a Risk Assessment Program?
A Risk Assessment Program is a tool used by risk management professionals to assess and manage risks associated with a project or program. It is comprised of a variety of measures and strategies, such as developing risk assessment templates, establishing a risk assessment process, and providing online training programs for risk management. These elements will help identify potential risks and provide a framework for addressing them in order to reduce the likelihood of negative impacts.
What's included in this Risk Assessment Program template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Risk Assessment Program template for?
The Risk Assessment Program template is designed for risk management professionals across all industries who are looking for an efficient and effective way to assess and manage risks associated with their projects or programs. This template will provide a comprehensive framework for identifying potential risks and coming up with strategies to mitigate or prevent them.
1. Define clear examples of your focus areas
Focus areas are the larger concepts or topics that your risk assessment program will be addressing. For example, a risk assessment program may focus on Risk Assessment, Incident Response, and Security Awareness. Each focus area should have a set of objectives, measures, and projects associated with it.
2. Think about the objectives that could fall under that focus area
Objectives are specific goals that are related to the focus area. They should be measurable, attainable, and relevant to the focus area. Examples of some objectives for the focus area of Risk Assessment could be: Increase risk management knowledge, and Establish a risk assessment process.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are used to measure the success of the objectives. They should be specific, measurable, attainable, and relevant to the objective. For example, a KPI for the objective mentioned above could be to increase the number of employees trained in risk management.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the steps that will be taken in order to achieve the KPIs. They should be planned out and organized in order to effectively achieve the KPIs. An example of a project related to Risk Assessment could be: Develop an online training program.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a comprehensive strategy execution platform designed to help organizations quickly and efficiently implement their risk assessment program. Cascade also provides a comprehensive dashboard to easily view progress, identify emerging risks, and adjust strategy as needed.