- "The goal is to make sure that targeted audiences understand how risks affect them or their communities by appealing to their values."
Process of communicating identified risks, mitigation efforts, and their effectiveness to relevant stakeholders.
Risk Assessment: This process involves identifying, analyzing, and evaluating risks to determine their potential impact on the business.
Risk Identification: This process involves identifying potential risks that could harm the organization.
Risk Mitigation: Risk mitigation is the process of reducing the likelihood or impact of a risk.
Risk Monitoring: This process involves tracking the identified risks and any changes that occur, as well as assessing the overall effectiveness of the risk management plan.
Risk Reporting: This process involves communicating key risks and their potential impact to stakeholders, including senior executives and the board of directors.
Risk Management Frameworks: These frameworks provide guidelines and best practices for managing risks within an organization.
Risk Appetite: Risk appetite refers to the level of risk an organization is willing to tolerate in pursuit of its objectives.
Risk Governance: Risk governance refers to the policies, procedures, and structures that an organization puts in place to manage risk.
Key Risk Indicators: These are metrics that help to measure and track risks, and are often used in risk reporting.
Enterprise Risk Management (ERM): ERM is a comprehensive approach that focuses on managing all types of risks within an organization, including financial, operational, and strategic risks.
Historical Risk Reporting: Historical risk reporting is a method of evaluating past events to analyze incidents to take measures that prevent mistakes from happening again.
Compliance Risk Reporting: This form of reporting computes risk within the boundaries of regulatory compliance, such as governmental laws, international regulations, industry certifications, standards, and ethics.
Tactical Risk Reporting: This type of risk reporting provides short-term solutions to address immediate threats, risks, and their consequences. It involves identifying threats, assessing risks, and developing quick mitigation plans to respond to current risks.
Operational Risk Reporting: Operational risk reporting deals with issues related to people, processes, and systems within an organization, including operational failures, data breaches, network outages, and cybersecurity threats.
Fraud Risk Reporting: Fraud risk reporting is used to identify, assess and prioritize areas with the highest potential fraud risk and recommend solutions through prevention and detection methods.
Project Risk Reporting: Project risk reporting assesses different types of risk associated with a particular project, including investment risks, planning risks, execution risks, and contingency plans.
Third-party Risk Reporting: This type of risk reporting evaluates the risk arising from engaging a third-party vendor, including issues relating to data privacy, cyber-security, regulatory compliance, and contract adherence.
Strategic Risk Reporting: This type of risk reporting refers to long-term risk reporting that assesses risks to an organization's overall strategic goals and direction. It helps the organization's management identify significant risks that could affect the company's direction-setting and long-term planning and builds corresponding mitigation strategies.
Financial Risk Reporting: Financial risk reporting is involved in assessing risks to a company's earnings, reinvestments, debt-to-equity ratios, and financing diversification.
Market Risk Reporting: Market risk reporting assesses the impact of financial markets' volatility on a company. It includes risks resulting from fluctuations in foreign exchange rates, equity prices and other market indices.
Reputational Risk Reporting: Reputational risk reporting deals with identifying, assessing, and mitigating problems that may impact an organization's brand reputation or image, including negative press, a lack of trust, and public perception.
Strategic Risk Reporting: Strategic risk reporting provides insights into business opportunities and defines the risks that exceed the organization's risk appetite, such as economic downturns, technological disruptions, or shifts of the competitive landscape.
Environmental Risk Reporting: Environmental risk reporting involves evaluating potential environmental risks, such as natural disasters and weather patterns.
Health and Safety Risk Reporting: Health and safety risk reporting helps organizations assess the risks related to worker health and safety, including their impacts on company operations, finances, reputation, and legal liabilities.
Legal Risk Reporting: Legal risk reporting assesses potential legal risks that the organization may face and provides guidance on mitigating risks and building legal protections.
- "Risk communication is a complex cross-disciplinary academic field that is part of risk management and related to fields like crisis communication."
- "Risk communication is particularly important in disaster preparedness, public health, and preparation for major global catastrophic risk."
- "The impacts of climate change and climate risk affect every part of society, so communicating that risk is an important climate communication practice, in order for societies to plan for climate adaptation."
- "In pandemic prevention, understanding of risk helps communities stop the spread of disease and improve responses."
- "Risk communication deals with possible risks and aims to raise awareness of those risks to encourage or persuade changes in behavior to relieve threats in the long term. On the other hand, crisis communication is aimed at raising awareness of a specific type of threat, the magnitude, outcomes, and specific behaviors to adopt to reduce the threat."
- "Risk communication in food safety is part of the risk analysis framework. Together with risk assessment and risk management, risk communication aims to reduce foodborne illnesses."
- "Food safety risk communication is an obligatory activity for food safety authorities in countries which adopted the Agreement on the Application of Sanitary and Phytosanitary Measures."
- "Risk communication also exists on a smaller scale."
- "The risks associated with personal medical decisions have to be communicated to that individual along with their family."
- "Risk communication aims to raise awareness of those risks to encourage or persuade changes in behavior to relieve threats in the long term."
- "Risk communication is particularly important in disaster preparedness."
- "Risk communication is part of risk management and related to fields like crisis communication."
- "communicating that risk is an important climate communication practice, in order for societies to plan for climate adaptation."
- "Crisis communication is aimed at raising awareness of a specific type of threat, the magnitude, outcomes, and specific behaviors to adopt to reduce the threat."
- "Risk communication deals with possible risks."
- "Risk communication is particularly important in disaster preparedness, public health, and preparation for major global catastrophic risk."
- "Risk communication aims to reduce foodborne illnesses."
- "In pandemic prevention, understanding of risk helps communities stop the spread of disease and improve responses."
- "The impacts of climate change and climate risk affect every part of society, so communicating that risk is an important climate communication practice."