R is for...

Risk Appetite

Jump to Section What is Risk Appetite? Why is Risk Appetite Important? Risk Appetite Statement Risk Appetite and Culture Monitoring Risk Appetite Risk Appetite Statement Examples Example 1: Small Not-For-Profit Club Example 2: Large Superannuation Fund Example 3: Medium-Sized Technology Firm Podcast Episode: Risk Appetite Frequently Asked Questions Related Terms Additional Resources Understanding risk appetite is critical to the operations of a business or organisation. To set clear and manageable goals, an entity must understand its appetite and tolerance for risk.

Risk Matrix

Jump to Section What Is a Risk Matrix? Advantages and Disadvantages How to Create a Risk Matrix 5x5 Matrix Risk Assessment Matrix Example Risk Assessment Matrix How to Use a Risk Matrix Risk Matrix Tips Podcast Episode: Power of the Risk Matrix Frequently Asked Questions Related Terms Additional Resources The risk matrix is an indispensable approach to understanding the risks involved with not-for-profit work and a useful tool for conducting assessments and setting priorities as a not-for-profit organisation.

Risk Register

Having a risk register is a critical part of a non-profit’s toolkit for managing risks. If your organisation regularly plans large, long, or complex projects, collects personal information, or works with vulnerable people, it can become difficult to manage the risks as they grow. Developing internal resources to manage important risk areas like cyber security, climate, protecting vulnerable people, avoiding financial abuse, and ethically working with partners becomes critical. What is a Risk Register?