Risk Appetite + Risk Register + Risk Reporting

Expansionary risk appetites -

Organizations with an ___ are willing to take on higher levels of risk in the pursuit of potential higher rewards. This might be suitable for organizations that are looking to aggressively grow, innovate, or capture market share. They often engage in new ventures, investments, or technologies

Neutral risk appetites -

Organizations with a ____ take a balanced approach. They are waiting to take on moderate levels of risk to achieve steady growth and returns. These organizations aim for stability and moderate growth, using opting for more secure investments and projects

Conservative risk appetites -

Organizations with a _____ tend to avoid high risks and focus on maintaining stability and protecting existing assets. They are generally risk-averse and prioritize security and prevention over high growth. This is common in highly regulated industries or where the consequences of risks are severe

Risk register

the primary tool that risk management professionals use to track risks facing the organizations. Some of the common data elements are:

• Risk owner

• Risk threshold information

• Key Risk Indicators (KRIs)

Risk reporting

• Routine reports

• Dashboard reporting

• Ad hoc reporting

• Risk trend analysis

• Risk event reports