Risk Management

Introduction:

Risk management is critical to protect organizational assets and to ensure compliance with laws and regulations. Many individuals and departments in organizations are involved in risk management; this is especially true when creating a risk management plan.

You, as an employee of YieldMore, are asked to create a risk management plan for the organization.

Scenario:

In order to help protect the company and ensure it maintains compliance with laws and regulations, senior management at YieldMore has decided to develop a formal risk management plan.

As an employee of YieldMore, your team has been given the task of creating a risk management plan for the organization.

Tasks:

You will initiate a kick-off meeting to discuss YieldMore’s risk management plan with your team.

1. Review the responsibilities associated with your assigned role.
2. Explain the specific responsibilities of your assigned role within the project.
3. Explain your role and the roles of the other team members to senior management.