ES - Risk Management Model

Exploring the stages of the Risk management model

You should first establish the context, identify risks, and analyse those risks.

Diagnosis

Evaluate and decide on how to treat the risks based on the risk level.

Decision

Take action, ensuring that mitigations and control strategies are in place to reduce the risk level.

Treatment

Communication is important to ensure that risks are captured and the best solution can be found.

Communication and Consultation

Monitoring and managing to ensure that only risks are faced that the organisation wants to be exposed to.

Monitor and Manage