Risk Assessment and Management
Risk Assessment and Management is the strategic competence to identify, evaluate, and prioritize potential threats. It involves formulating preventive measures, recovery actions, and managing the implementation of these strategies, thereby reducing uncertainty, safeguarding resources, and ensuring the organization's sustainability and success.
Level 1: Emerging
At an emerging level, you are beginning to understand and apply basic strategic risk assessment and management principles. You recognize common risks and implications for strategic outcomes.
Level 2: Proficient
At a proficient level you are able to effectively assess and manage risks within a strategic framework. You can identify potential threats, analyze their impact, and develop mitigation strategies to protect the organization.
Level 3: Advanced
At an advanced level you are skilled in conducting comprehensive risk assessments, developing strategic risk management plans, and implementing innovative risk mitigation strategies to drive successful strategic outcomes within the organization.
