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MCS RiskMan

Risk is the potential of gaining or losing something of value.[1] Values (such as physical health, social status,  emotional well-being or financial wealth) can be gained or lost when  taking risk resulting from a given action or inaction, foreseen or  unforeseen. Risk can also be defined as the intentional interaction with  uncertainty.[2]  Uncertainty is a potential, unpredictable, and uncontrollable outcome;  risk is a consequence of action taken in spite of uncertainty.[3]

Risk perception  is the subjective judgment people make about the severity and  probability of a risk, and may vary person to person. Any human endeavor  carries some risk, but some are much riskier than others.[4]
The ISO 31000:2009 risk management process
MunAdmin Risk Register Manager

Effectively manage Enterprise Risk in your organisation with the MunAdmin RiskMan Risk Register Manager.   

The Risk Register is the repository for pro-active documentation and management of organisational risks. Aligned with the principles and processes advocated by ISO 31000:2009, the Risk Register organises risks in a multi-level hierarchical category structure. Risks can be broadly separated into either Enterprise-wide or Location-specific Risks.

·         Compliant with ISO 31000:2009
·         Record all Risk Details
·         Create Action Plans
·         Linked to Workflow and Alerts
·         Record Controls, Investigation and much more

Record your Risk Rating on every risk as Inherent, Residual and Acceptable.  Record Areas of Impact, Risk Controls, Actions and the Current Management Strategy.

Inbuilt Alert processes ensure that Accountable Executives are notified of key events related to Risks that they manage, such as:

·         Associated Incidents that occur (ie risk exposures)
·         Scheduled reminder of risk assessments
·         Allocation of actions to be completed
·         Alert when event frequency exceeds predetermined threshold limits

Critical Components of ISO 31000
Relationships between the risk management principles, framework and process
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