In any organization, risks are taken on a daily basis. No one could hope to be profitable without them. However, if risk-taking becomes too extreme, it could lead to customer distrust, employee activities that go against stated values, or even the end of operations. Risk-taking doesn’t necessarily lead to financial or reputational damage, but it […]
Author: Rebecca Webb
How to Get The Most Out of a Risk Heatmap
Risk heatmaps are a common tool for many risk managers. A risk map is built by plotting the frequency of a risk on one axis of the chart and the severity on the other. Frequency is how likely the risk is or how often you think it will occur, while severity is how much of […]