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RTO Risk Management
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understand your risks and take control
Enterprise Risk Management (ERM) is a set of coordinated activities that provides direction and control of risks across the whole organisation, which may have an impact on the achievement of business objectives. There a numerous benefits for RTOs in the ERM process, including:• Establishing the RTOs approach to risk and its risk appetite• Identifying potential risks, their likelihood and potential consequences for the business• Evaluating risks and potential control and mitigation measures• Documenting and reporting on the process and its outcomes through a Risk Management Plan and Risk Register• Demonstrating to stakeholders such as investors, regulators and funding bodies, the RTOs effective risk governance• Ensuring efficiency and effectiveness of procedures and processes• Engaging all team members in the management of risks• Identifying potential opportunities created through risks identified• Controlling and minimising negative risk events• Business Continuity Planning
RTO Results provides services to RTOs to support the process:
- Education and training programs, from Board and Executive through to Team levels
- Facilitated workshops through the process, adopting ISO31000:2018 principles
- Tools and templates designed for RTOs
- Risk Treatment plans and schedule
- Customised Risk Policy Statement, Risk Management Plan and Risk Register
