Risk Mapping

Credit agencies, customers, investors... In fact all stakeholders are interested in the level of risk their investment, their efforts are exposed too.

Many associate risk as negative however one cannot do business without a certain level of risk. Only if you know this level of risk, one can decided and align between the different stakeholders whether the level of risk is acceptable. It is important to get a transparent view on those risks and to prioritize them.

A risk map helps to visualize the risk. Based on the risk map one can decide the level of control that needs to be in place to control the exposure. Many times all stakeholders are already aware of the risks but only in a few instances the stakeholders are aligned about their priority, the level of exposure. A risk map is essential for any kind of organization and should be mandatory as part of the disclosure notes.

#organization #goodworkhabits