This checklist provides a practical framework for organizing an integrated risk management program. It begins with identifying existing risks, creating scenarios, interviewing relevant personnel, gathering context, determining contributing conditions, and documenting possible consequences. Organizations should then evaluate each risk’s likelihood and business impact and assign a corresponding score. Treatment options include accepting very low risks, avoiding activities that create unacceptable exposure, transferring risk to another party, or implementing controls to reduce likelihood and impact. For risks requiring mitigation, teams should create formal plans containing rationale, actions, required resources, performance metrics, timelines, monitoring and reporting requirements, and clear

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