Risk Process

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 risk management processes depending on the organization and its risk profile. Some relevant dimensions

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

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