5 Questions to Re-Focus Your Risk Function

5 Questions to Re-Focus Your Risk Function is the title of an article by Melanie Lockwood Herman from the Nonprofit Risk Management Center (NRMC). Herman discusses using a framework of five important questions in considering the risk management strategies of organizations. Herman relates that “In my experience, some teams become bogged down in the risk function’s confounding details”. Organizations can miss the essential purposes of risk management when leadership is “buried” in the details of tasks. Herman encourages leaders to “Be sure to take a step back and re-focus on the big picture of your risk function before you get tangled in the weeds”. The articles go on to discuss five important questions to consider when reviewing your risk management program: “What is our Mission?”; “Who is our Customer?”; “What does the Customer Value?”; “What are our Results?”; and “What is our Plan?”. Read more HERE.

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