Managing risk

Worksheet: Managing risks

A simple tool to help you systematically document the steps you already take or will take to reduce and manage the risks faced by your organisation.  Use in conjunction with the guidance and resources on Managing risks and Conducting your risk assessment.

Worksheet: Identifying risks

A simple tool to help you systematically identify and record the risks faced by your organisation.

Advice Note: Insurance (NICVA)

A guide to insuring your organisation. Produced by NICVA Member Services.

Volunteers and insurance (Volunteer Development Agency)

The Volunteers and Insurance information sheet from the Volunteer Development Agency explor

Demonstrating accountability

The Management Committee is not only required to be accountable, but to be able to demonstrate this to stakeholders through ensuring that appropriate systems and procedures are in place.

What is liability?

The Management Committee is ultimately accountable for the organisation.

Related principles

Quick Reference

Categories of risk

The risks faced by an organisation should be categorised in relation to what the organisation does. There are a number of commonly used categories which help to group risks according to the various aspects of the organisation and its activities which you need to consider.

Common categories

Further reading

Click here for links to other risk management guidance relevant to voluntary and community organisations.

Conducting a risk assessment

Regardless of the size or scope of the issues to be assessed, or the length of time available, the process of assessing risk involves the same basic key steps:

  1. identifying
  2. categorising/rating
  3. managing and
  4. reviewing risk.

Each of the key steps is outlined below with guidance on how you can address this within your own organisation, linking to additional supporting tools where appropriate.

How to develop a risk management strategy

Before you commence identifying and assessing risk, it is important to agree the basics of how you are going to ensure that risks to your organisation are identified and managed. 

What is a risk management strategy?

A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk.

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