Mastering Risk Management

INTRODUCTION: WHY REPORTING MATTERS

There is little value in carrying out the processes in your risk framework without good reporting. Informed decision making flows from good risk reporting. Without it, poor decisions are far more likely or, even worse, result in no decision making at all. It can be all too easy to drown in risk data, and so be unable to produce information and reports which support effective action plans to improve your risk profile or protect your business.

Good risk reporting is more difficult than it looks. With the widespread use of Excel everyone thinks that they can write good reports. However, little consideration is given to the fact that risk information is often complex and presenting it to a broad and diverse audience ...