Risk Management Tools by Greyfly

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Learn how to identify and manage risk for your project with Greyfly risk management tools.

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B u s i n e s s R i s k A s s e s s m e n t g r e y f l y . c o . u k

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B e n e f i t s o f c o n d u c t i n g a b u s i n e s s r i s k a s s e s s m e n t : OPERATIONAL FOCUS: Risk management will provide you with the insight to identify which tasks your company should be prioritising. REDUCED RISK: While it might sound silly but if your business understands its risks it will reduce its risk of failure. IMPROVED EFFICIENCY: When risks are mitigated and barriers eliminated this will in turn boost efficiency G u i d e s f o r R i s k M a n a g e m e n t Risks management stops car crashes Risk is simply defined as the possibility of suffering harm or loss and/or exposure to danger. The key here is the word “possibility” in other words it has not yet happened. Therefore if you can prevent risks occurring it can stop the additional effort and potential cost of having to deal with a car crash. Common risks affect all businesses: You can control your business risks by accelerating the identification and management

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of common risks. Of course respective importance will vary by company and of course companies are likely to find they have their own unique risks. Risk management needs executive focus: Establish a culture of risk management by ensuring there is a sufficient focus on risks in all key meetings. This is not a one-off exercise but there should be a process of on-going management. • Risk management is an important part of success: Pragmatic use of basic risk management techniques can enable executives to do the RIGHT things at the RIGHT time This provides value to founders directors and executives of companies looking to grow. It allows you to create a set of prioritised risks in a matter of minutes. These business risks have also been bench marked against other companies. On completion you will receive a personalised business risk log. business risk management tool

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