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Identifying Critical Business Risks

The document discusses the importance of identifying and addressing risks at various levels, from personal to organizational to strategic. It provides a chart mapping out different types of risks based on their likelihood and potential impact. The key risks that organizations should pay attention to include those existing within their own operations as well as broader industry-wide issues, and effective risk management requires understanding these risks in order to prepare contingencies and mitigate potential negative impacts.

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MuhammadMahdiKhan
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18 views1 page

Identifying Critical Business Risks

The document discusses the importance of identifying and addressing risks at various levels, from personal to organizational to strategic. It provides a chart mapping out different types of risks based on their likelihood and potential impact. The key risks that organizations should pay attention to include those existing within their own operations as well as broader industry-wide issues, and effective risk management requires understanding these risks in order to prepare contingencies and mitigate potential negative impacts.

Uploaded by

MuhammadMahdiKhan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

What should you pay attention to

that youre not? Where does risk exist


in our organization and beyond it.
How can we eectively identify and
address risk?

high

RISKS

IMPACT

CRITICAL

low

Risk affects all areas of business. From the


personal to the organizational. The challenge
for many organizations to not just to identify
them, but to make them real and present so to
motivate teams to understand and prepare for
contingencies.

STRATEGIC

PERSONAL

low

ORGANIZATIONAL

LIKELIHOOD

Chart the range of risks in an AEC


organization - from the big picture
industry wide to the organizational
and to a personal. Dramatize what

high

what solutions to identify and


mitigate these risks to your new Chief
Risk Officer.

TACTICAL
[Link]

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