RISK MANAGEMENT PLAN
The purpose of a Risk Management Plan is to help chapters assess how risks may potentially impact specific projects, programs, events, membership, and general operations. Chapters are encouraged to develop and implement a Risk Management Plan and annually review the plan. The Chapter’s Risk Management Plan will define how risks will be identified, evaluated, managed, and monitored.
The Risk Management Plan should include the following elements:
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Identify: Identify and acknowledge the existence of risks including potential threats to the chapter’s operations, programs, and membership.
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Evaluate: Assess the identified risks to understand the scope, severity, and frequency of the risks.
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Manage: Develop strategies to manage the risks, such as avoiding the risks, implementing measures to control
the risks, or obtaining insurance to transfer the risks.
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Monitor: Monitor and observe the effectiveness of the selected risk mitigation strategies over time. Consider
Adjusting the strategy as the situation evolves.
