Document: Risk Management Policy and Procedure

Posted on 20 August 2023 01:43 am View PDF Document

TSCTI's Risk management is the process of identifying, assessing, prioritizing, and mitigating risks that could impact an organization's objectives, projects, assets, or operations. It involves analyzing potential threats and vulnerabilities and taking proactive steps to minimize their negative impact while maximizing potential opportunities. The goal of risk management is to make informed decisions that balance the potential benefits and costs of different courses of action.

Risk management becomes our compass, guiding us through uncharted waters and enabling confident decision-making. Through risk identification and mitigation, we fortify our organization against potential disruptions and adverse outcomes. Regular monitoring of identified risks ensures that changes are captured and reported to relevant stakeholders.