Application of Standard

The implementation and on-going maintenance of a risk management process will enable an organisation to:

• Increase the likelihood of achieving its objectives
• Improve the identification of opportunities and threats
• Establish a reliable basis for decision making
• Improve organisational effectiveness and efficiency
• Improve organisational resilience

Balanced RiskCard^® provides the web tool to enable organisations:

• Make sense of risk.
• Establish a robust and simply structured process that can be adopted across all levels
• Manage with confidence the success of their organisation.
• Ensure clear articulation of the objectives at all levels.
• Adopt a common language for risk identification, analysis, evaluation and treatment

In short, the methodical tabbed process Balanced RiskCard^® encourages top-down and bottom-up discussion of ideas to ensure the whole organisation performs effectively.