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Chapter 11

Risk awareness

2.1 Risk awareness

A lack of risk awareness means that an organisation has an inappropriate risk
management strategy.

 risks affecting the organisation may not have been identified meaning there will
be a lack of control over that risk

 risks may occur and the control over that risk is not active due to lack of
monitoring and awareness

 continual monitoring within the organisation is therefore required to ensure that
risk management strategies are updated as necessary

Risk awareness

Operational
Strategic Tactical Monitoring of risk
High level Monitoring of risk
monitoring of risk at divisional level in day-to-day
operations

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