Page 15 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Risk

CIMA’s risk management cycle

Establish risk management Business strategy
group and set goals

Identify risk areas

Review and Understand and
refine process assess scale of

and do it again risk

Information

for decision

making
Implementation Development of
and monitoring risk response

of controls strategy

Implement strategy and
allocate responsibilities

5