Page 191 - SBL Integrated Workbook STUDENT 2018

Identification, assessment and measurement of risk

Risk identification

Risk

Categorised by

Strategic Risk Operational Risk

Affects the overall Affects the day to
mission of the day activities of
company the company

3.1 Strategic risks

 risks arising from the possible consequences of strategic decisions taken by
the organisation

 also arise from the way that an organisation is strategically positioned within its
environment

 should be identified and assessed at senior management and board or director
level

 PESTEL and SWOT techniques can be used to identify these risks.

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