Organizational risk management

Risk Management is the process by which an aid agency assesses its program intentions against the various risks to the agency, staff and intended beneficiaries. Risk Management methodologies show great variations across the individual agencies. In general, the aim is to identify strategies to mitigate the risks by reducing the likelihood of incidents or their potential consequences, and how to manage the remaining risk ('residual risk', that cannot be mitigated). Risks to an agency arise from a spectrum of external and internal threats: physical threats such as conflict, kidnapping and criminal behaviour; environmental threats such as disease or disaster; and organizational threats such as corruption or reputational damage.