Risk Management
Prepare for the Unexpected
Structure & Content
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Why Risk Management?
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Most failures aren’t from lack of effort—they’re from being unprepared. Risk planning is your safety net.
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5-Step Risk Management Model:
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1. Identify Risks
Hold a “pre-mortem” with your team. Ask: what could go wrong? Think finance, operations, legal, technology, environment.
2. Assess and Prioritize
Use a risk matrix: plot risks by likelihood (Low/Med/High) and impact (Low/Med/High). Focus on the top-right quadrant.
3. Plan Mitigations
Prevent issues before they occur. Maintain equipment, diversify funding, train staff, set up backups.
4. Build Contingency Plans
For each top risk, create a Plan B:
“If X happens, we will do Y.”
5. Monitor and Update
Revisit your plan quarterly. Assign someone to track risk flags. Update the register when new risks emerge.
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Tools:
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Free downloadable risk assesment and managment document
Risk Managemnt Advice
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