Risk Function Toolkit

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Pilot Risk Function: monitor and coordinate dependencies across projects in the program and resolve conflicts.

More Uses of the Risk Function Toolkit:

  • Warrant that your operation establishes and executes on vision and Strategic Objectives for the enterprise Risk Function in conjunction with the Chief Risk officers, to assure that your programs stage of maturity remains commensurate with the growing needs of your organization.

  • Be accountable for leading and guiding the performance of the Risk Function on the core work KPIs (around quality, efficiency) and on metrics that are critical to running the business, like involuntary attrition, retention, and engagement.

  • Secure that your corporation coordinates and administers Risk Identification, investigation and reduction, monitors Risk Functions and performs risk surveys to assess loss potential.

  • Make sure that your organization coordinates and administers Risk Identification, investigation and reduction, monitors Risk Functions and performs risk surveys to assess loss potential.

  • Formulate Risk Function: coordination of Continuous Improvement efforts between various Risk Functions across your organization.

  • Establish Risk Function: continuously strengthen the Risk Function by attracting, developing and retaining top talents and cultivate Continuous Learning throughout your organization.

  • Confirm your organization oversees and leads the implementation of process, Procedures And Standards for Operational Risk Functions and programs related to the Operational Risk Management Framework ensuring consistency and efficiency, and to establish audit and exam ready posture.

  • Organize Risk Function: Risk Management helps your organization understand, manage and anticipate risks in a constantly changing environment.

  • Be accountable for facilitating fraud Risk Assessment considerations at all client levels, conduct fraud awareness training for clients and internal organization resources.

  • Establish the necessary cross organizational processes and framework to successfully reduce the risk profile of your organization.

  • Establish that your group develops procedures for consultation on Organizational Information Risk Management issues and management of problems.

  • Help translate control deficiencies into action plans and provide consultation on the design of controls to enhance governance practices with Risk And Compliance frameworks.

  • Evaluate Risk Function: technology Risk Management, Cybersecurity Rules And Regulations.

  • Support Project Management in assessing, managing, and Mitigating Risk throughout the project life cycle, and supporting the implementation of project risk.

  • Pilot Risk Function: collaboration with technology and business partners across functions/processes to ensure alignment, understanding and ongoing communication on Identity and Access Management controls, IT Risk Management and regulatory/compliance requirements.

  • Methodize Risk Function: Enterprise Risk Management analysis.

  • Identify, link, and analyze trends in KRIs and other findings reported to Risk Management and compare against benchmarking of operational risks and loss data.

  • Gather and analyze risk related data to gain insights into exposures and to enable tactical and Strategic Management decisions.

  • Maintain contact and collaborate with internal (Sales Executives, Account Managers, Department Heads, Marketing personnel, Loss Control personnel) and external (Clients and Insurance Companies) parties.

  • Develop System Documentation and Standard Work instruction for the operations team thus minimizing the risk of downtime caused by human error from the maintenance and operations team.

  • Support your organizations vendor Risk Management recordkeeping system.

  • Ensure you negotiate; lead and coordinate the domain technical and business considerations relative to future architecture direction across the Product Portfolio or product line.

  • Develop automation of tests with a risk based approach to accelerate testing, optimize coverage and repeatability.

  • Coordinate Risk Function: complete an annual Risk Assessment and synthesize results into an annual audit plan to be presented to and approved by the audit committee.

  • AudIT Risk Function: partner with other stakeholders (Enterprise Risk Management, procurement, Information security, legal) to effectively coordinate the execution of third party controls and identify technology integration opportunities and lead Proof of Concept engagements.

  • Initiate Risk Function: level of detailed assessment is dependent upon risk (data classification, and risk calculator).

  • Standardize Risk Function: technical knowledge to understand detailed issues around security, Business Continuity, and overall risk in it.

  • Confirm your design ensures team keeps fundamentals in line through efficient Cost Management, accurate forecasting, revenue attainment, Risk Mitigation, backLog Management and strategic Workforce Planning.

  • Develop and execute the sourcing strategy with a focus on sales growth initiatives, profitability, Risk Mitigation, supplier development, and Supplier Management.

  • Organize Risk Function: work closely with logistics to optimize the flow of imported inventory to maximize throughput and Reduce Costs and risk to the business.

  • Partner with other IT team members on the Data Management Function in day to day operations (reporting, auditing, integration) to support processes related to Identity and Access Management.

  • Be accountable for pricing analyst for pricing strategy and execution, pricing model development and analytics, sales Data Collection and analysis, and Market Trends and price trends monitoring.


Save time, empower your teams and effectively upgrade your processes with access to this practical Risk Function Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Risk Function related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Risk Function specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Risk Function Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Risk Function improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. What are the essentials of internal Risk Function management?

  2. What are the potential basics of Risk Function fraud?

  3. How do you quantify and qualify impacts?

  4. How will costs be allocated?

  5. What is the source of the strategies for Risk Function strengthening and reform?

  6. Who is gathering Risk Function information?

  7. Who, on the executive team or the board, has spoken to a customer recently?

  8. What were the criteria for evaluating a Risk Function pilot?

  9. Are employees recognized for desired behaviors?

  10. What resources or support might you need?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Risk Function book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Risk Function self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Risk Function Self-Assessment and Scorecard you will develop a clear picture of which Risk Function areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Risk Function Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Risk Function projects with the 62 implementation resources:

  • 62 step-by-step Risk Function Project Management Form Templates covering over 1500 Risk Function project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Risk Function project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Risk Function Project Team have enough people to execute the Risk Function project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Risk Function project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

Step-by-step and complete Risk Function Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Risk Function project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Risk Function project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Risk Function project with this in-depth Risk Function Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Risk Function projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based Best Practice strategies aligned with overall goals
  • Integrate recent advances in Risk Function and put Process Design strategies into practice according to Best Practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Risk Function investments work better.

This Risk Function All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.