A Guide for Charities & Not-for-Profits: 10 Warning Signs of Inadequate Risk management
Nonprofits and charities often overlook the importance of risk management, seeing it as a mere formality. However, effective risk management adds value, uncovers opportunities, and ensures long-term success. Here are 10 warning signs that your risk management needs improvement:
- Unclear objectives
- Poor risk assessment
- Weak mitigation strategies
- Inadequate risk communication
- Low staff risk awareness
- Lack of monitoring
- No strategic integration
- Ignoring external risks
- Inconsistent reporting
- Not learning from past incidents
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