Focussed on the crisis

Effect on strategic objectives

Have your current risks changed?

Risk appetite and tolerances

Risk appetite - risk your entity accepts

Risk tolerance - used for specific risks / categories

How will response impact operations/exposure?

Approaches must be guided by risk appetite

Developing new legislation, regulations or policies

Delivering new programs or services

Implementing internal restructures

Program or project perspective - consider risk tolerance

Risks may have increased

Compare risk tolerance and risk ratings

Reprioritising your risks

Rebalancing your resources

Identifying escalation points

Report risks outside of tolerance

Why risk has changed?

What controls are in place?

New treatments for risk management

Temporary increase in risk tolerance

Continue monitoring and reporting

Consider recalibrating risk appetite/tolerance

Crisis brings change

Be agile

Be responsive

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