Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.
Performing a risk assessment: Analyzing current risks and identifying potential risks that are affecting the company.
Performing a risk evaluation: Evaluating the company’s previous handling of risks and comparing potential risks with criteria set out by the company such as costs and legal requirements.
Establishing the level of risk, the company are willing to take.
Preparing risk management and insurance budgets