What is risk management?
Risk management is the process of identifying, assessing, minimizing, and monitoring risks efficiently and effectively.
Why do you need risk management?
In short, risk management greatly lowers the chances of anything detrimental happening to your business. When a company puts little thought into their risk management, it can result in unforeseen issues that perhaps could have been preventable had a preventative plan been set into place.
The checklist walks you step by step through the entire process, supplemented with further information within each task and form fields to input all the necessary information and make sure that your company's risk management is on track.
Though the checklist offers a strong framework to work from, we always recommend that users edit the checklist and contents of the checklist to better suit their specific use cases, if needed.