Risk management is the process of identifying, evaluating and controlling risks. The aim is not to eliminate all risks entirely (this would be very difficult and not cost effective), but rather to reduce the risk to a level that the charity is comfortable with (the risk appetite). These seven steps are a tried-and-tested risk management process. It’s best to work through them with a group of people, including trustees and staff who understand the organisation well. Risk register template for NCVO members NCVO members can download a risk register template in the tools and resources section .
All trading activities involve some level of risk, so risk management is a vital part of knowing how to trade. There are three steps to risk management:
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