As stated within the SHRM-CP Learning System, “Risk management strategies are designed to change the probability of a risk event occurring and/or the degree of its impact on the organization’s objectives. An action taken to manage risk is referred to as a risk control” (2022). When assessing the effectiveness of current organizational risk controls:
What questions should be asked by HR personnel when assessing risk effectiveness and risk control?
List at least three questions you believe will best begin to evaluate risk effectiveness and control.
From your personal experience and insight, provide examples of a risk effusiveness technique and a risk control process.
Why is it important to involve HR and other groups in risk assessment? Provide two important justifications.
