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R.I.S.K. Application packIntroducing the RISK Program RISK is an acronym for Resilience Importation through Survival Knowledge; and is a program offered to male students in year 7 and 8 at Comet Bay
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Identify potential risks: Start by identifying all potential risks that can impact the program. Consider external factors like economic conditions, industry trends, and internal factors like team expertise and resources.
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Program risk management is the process of identifying, assessing, and mitigating risks associated with a program to ensure that objectives are met and potential negative impacts are minimized.
Organizations and entities involved in programs that could face significant risks, particularly those who receive government funding or are subject to regulatory oversight, are required to file program risk management.
To fill out program risk management, organizations should identify potential risks, assess their likelihood and impact, develop mitigation strategies, and document their findings in a structured format as required by regulatory bodies.
The purpose of program risk management is to proactively manage risks to enhance the likelihood of achieving program goals while minimizing adverse effects and ensuring accountability.
Information that must be reported includes risk identification, risk assessment results (including likelihood and impact), proposed mitigation strategies, and any updates on the status of previously identified risks.
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