Gartner Research

Six Required Elements of Effective Risk Management

Published: 20 August 2010

ID: G00206218

Analyst(s): Paul Proctor

Summary

Effective risk management balances controls with the needs of the organization. Many people consider themselves to be risk managers, but they skip many of these required elements, which results in poor protection and wasted resources.

Table Of Contents
  • Overview
  • The Growing Importance of Risk Management
  • A Proactive Definition of Risk Management
  • Six Required Elements of Effective Risk Management
    • Risk Assessment
    • Controls Assessment
    • Risk Decision Making
    • Risk Tracking
    • Residual Risk Sign-off
    • Accountability

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