Page 206 - SBL Integrated Workbook STUDENT 2018

Chapter 16

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.

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

Risk

awareness

Strategic Tactical Operational

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