Risk is
anything that threatens the ability of a nonprofit to accomplish its mission.
Risk
management is a discipline that enables people and organizations to cope
with uncertainty by taking steps to protect its vital assets and resources.
But not all
risks are created equal. Risk management is not just about identifying
risks; it is about learning to weigh various risks and making decisions about
which risks deserve immediate attention.
Risk management
is not a task to be completed and shelved. It is a process that, once
understood, should be integrated into all aspects of your organization's
management.
Risk management is an essential component in the
successful management of any project, whatever its size. It is a process that
must start from the inception of the project, and continue until the project is
completed and its expected benefits realised. Risk management is a process that
is used throughout a project and its products' life cycles. It is useable by
all activities in a project. Risk management must be focussed on the areas of
highest risk within the project, with continual monitoring of other areas of
the project to identify any new or changing risks.
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