How do I assess the impact of the risks I have identified?
How do I assess the impact of the risks I have identified?
Example question and answer provided by panel member, Julie Mutton, partner at Smith & Williamson – Nov 2012
Most charities will grade the likelihood and potential impact of the risks identified, usually using a simple numbering system. Multiplying likelihood by impact will give an overall rating which will enable you to focus on those risks that pose the greatest threat to your charity.