CFAM&LBB1 Manage Risks to Your Organisation Overview This standard is about taking the lead in establishing and operating an effective risk management process across your organisation. This standard is relevant to senior managers and leaders with particular responsibility for identifying, evaluating and managing risks to their organisation. This standard underpins effective organisational management and leadership. It links closely with CFAM&LBA6 Develop and strategic business plans CFAM&LFA1 Implement and Evaluate Strategic Business Plans and with the other standards in key area BB Provide Governance. Performance criteria You must be able to: Take account of the size and nature of your organisation and ensure that risk management activity is proportionate. Ensure that your organisation has a written risk management policy, including a statement of risk appetite and setting out responsibilities for risk management. Ensure your organisation’s risk management policy has management support and is clearly communicated across the organisation and to other relevant stakeholders. Establish, and periodically review, risk criteria for your organisation, taking account of the of relevant people across the organisation and stakeholders. Evaluate significant current and planned organisational activities and identify potential risks, the nature of the risks, the probability of occurrence and consequences. Produce a risk profile for your organisation and, taking account of the organisation’s risk criteria and relevant information, prioritise the identified risks. Communicate information on identified risks to relevant people across the organisation and, where appropriate,
CFAM&LBB1 Manage Risks to Your Organisation Overview This standard is about taking the lead in establishing and operating an effective risk management process across your organisation. This standard is relevant to senior managers and leaders with particular responsibility for identifying, evaluating and managing risks to their organisation. This standard underpins effective organisational management and leadership. It links closely with CFAM&LBA6 Develop strategic business plans and CFAM&LFA1 Implement and Evaluate Strategic Business Plans and with the other standards in key area BB Provide Governance. Performance criteria You must be able to: Take account of the size and nature of your organisation and ensure that risk management activity is proportionate. Ensure that your organisation has a written risk management policy, including a statement of risk appetite and setting out responsibilities for risk management. Ensure your organisation’s risk management policy has management support and is clearly communicated across the organisation and to other relevant stakeholders. Establish, and periodically review, risk criteria for your organisation, taking account of the of relevant people across the organisation and stakeholders. Evaluate significant current and planned organisational activities and identify potential risks, the nature of the risks, the probability of occurrence and consequences. Produce a risk profile for your organisation and, taking account of the organisation’s risk criteria and relevant information, prioritise the identified risks. Communicate information on identified risks to relevant people across the organisation and, where appropriate,
DB6261_SVQ_Management_at_SCQF_L11_Assessment_Guidance.docx