7th October 2013

How do I assess the impact of the risks I have identified?

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7th October 2013

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.