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Centre for Innovative Human Systems / School of PsychologyM.Sc/Postgraduate Diploma / Certificate in Managing Risk and System Change Academic Year: 20232024 (Year 1 Students)Contents Welcome ........................................................................................................................5
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01
Identify potential risks and hazards in the organization
02
Analyze and assess the likelihood and impact of each risk
03
Develop a risk management plan to address and mitigate the identified risks
04
Implement the risk management plan by allocating resources and responsibilities
05
Monitor and review the effectiveness of the risk management plan on a regular basis
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Update the risk management plan as needed to address new risks or changes in the organization

Who needs managing risk and system?

01
Any organization or business that wants to proactively identify and address potential risks
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Managers, supervisors, and employees who are responsible for overseeing operations and ensuring safety and security
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Managing risk and system refers to the processes and strategies implemented by organizations to identify, assess, and mitigate risks affecting their systems and operations.
Organizations, including corporations and financial institutions, that are subject to regulatory oversight must file managing risk and system reports to ensure compliance with established guidelines.
To fill out managing risk and system, organizations must gather relevant data about their risks, use prescribed templates or forms, include necessary supporting documentation, and submit the completed reports to the appropriate regulatory agency.
The purpose of managing risk and system is to proactively identify potential risks, minimize their impact on operations, ensure regulatory compliance, and safeguard the organization’s assets and interests.
Organizations must report information on identified risks, their assessment, strategies for mitigation, compliance measures, and any incidents or breaches that have occurred.
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