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The guide on how organisations can manage riskpublished by the Institute of Risk Managementisfreely downloadable from IRM’s website.
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There are fourkey steps to the management of risk.
The first step, is to recognise the strategic objectives for your organisation and the key processes that your organisation uses.
The best way to identify risks is look at them from two directions – both top down, from a management point of view, but also bottom up, from the shop floor.
Transferring the risk by means of insurance or other contractual arrangementsis the last and most important step to manage risk.
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