Collect data and information on potential risk events

Identify and analyse risk events in the service delivery to contribute to risk management processes

Implement risk control activities to support risk management responses

Establish risk contexts to define scope of risk management processes in the business units

Identify and analyse risk events in the business units to contribute to risk management processes

Identify necessary risk response activities to support risk management philosophy

Evaluate and select appropriate risk response activities to achieve organisation’s objectives

Implement risk control activities to support implementation of risk management responses

Implement and communicate procedures to inform employees of risk management processes and activities

Facilitate alignment of organisation's risk management philosophy and strategies with organisational strategic objectives, culture and values

Assess business environment to determine impact on critical business functions, risk management philosophy and vice versa

Refine risk management philosophy and strategies in consultation with relevant stakeholders

Communicate risk management philosophy and strategies to employees

Establish organisation’s internal and external contexts for managing risks

Assess implications of risk management philosophy

Establish strategies with reasonable assurance in endorsing risk management philosophy

Ensure alignment of risk philosophy and strategies with organisational strategic objectives

Refine risk management philosophy and strategies in accordance with organisational guidelines and/or policies