Organizations perform risk assessments in order to identify and prioritize the key risks to best allocate resources for the next year.
This exercise helps evaluate the or strategic importance to the business as well as the perception of the likelihood or concern that problems could occur because of control weaknesses.
This presentation was created to help facilitate a risk assessment workshop:meeting objectives; ground rules for the facilitated session; introduction to business risk; prioritizing business risk ; identifying business risk; questions to identify business risk; assignment for the facilitated session; review risk documentation; methodology to assess significance and likelihood ; risk rating interpretation; creating a risk map; voting guidance; assessing current risk management capabilities; and recap of workshop.