Risk Process

From Open Risk Manual

Definition

Risk Process (also Risk Management Process) is any well defined activity within and organization that aims to identify, measure, or mitigate risks as part of the entity's Risk Framework

Classification

There is a wide range of processes depending on organization and risk profiles. Some relevant dimensions

  • Automated versus manual processes
  • Carried out internally or with external resources
  • Degree of integration into overall management processes
  • Level of internal oversight / audit
  • Level of external oversight / audit
  • etc

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