Process

Balanced RiskCard^® will permit authorised users to:

1. Create RiskCards for their section of your organisation (Directors, department, team, project etc.), each RiskCard^® dealing with a specific objective for that section.
2. Identify the principal risks to achievement of that objective(s)
3. Evaluate those risks in terms of likelihood and impact on four specified focus areas
4. Describe the Treatment being applied, or to be applied to those risks
5. Control risk exposure, likelihood and impact by assigning actions to individuals from team members to directors
6. Report on the current status of pan-organisational risks and the effectiveness of your controls.

It is an iterative process and the results of the analysis once presented in the Balanced RiskCard^® permits management teams to review and modify their view on the risk assessment process itself, the implications of the controls in place and their effectiveness and the performance of the organisation against four focus areas namely, Resource Capability, Internal Processes, People and External Impact or reputation as perceived by stakeholders.