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Develop a Risk Management Strategy for your business using the table below as a guide. Base the risk management strategy on areas covered in your
Develop a Risk Management Strategy for your business using the table below as a guide.
- Base the risk management strategy on areas covered in your Business Plan (Part A)
- Identify the areas of risk
- Provide a description of the risk and the potential impact to your business.
- Determine the likelihood of this risk happening and describe it as either highly unlikely, unlikely, likely, or highly likely.
- Describe the level of impact it may have on your business, whether it could be high, medium or low
- Outline your strategies for minimising or mitigating each potential risk
Area | Issue | Low Risk | Medium Risk | High Risk |
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