by Ted Bilich | Jan 18, 2022 | Risk Management
Having completed a risk inventory and prioritized your risks, you can now build a risk register — one of the key tools of nonprofit risk management. This post describes how to do it, in four steps. [This post is the seventh in our Lean Risk Management series. To...
by Ted Bilich | Jan 11, 2022 | Risk Management
The prioritization of potential risks during nonprofit risk management is vital to the success of your risk process. A successful nonprofit organization cannot focus on every threat and opportunity: instead, it must focus on the few issues that must be addressed right...
by Ted Bilich | Jan 3, 2022 | Risk Management
Nonprofit risk management requires being honest about what is going on, then taking the next reasonable step in response to that reality. In a prior post, we explained how to perform a risk inventory. Now we turn to taking the next reasonable step, which is a matter...
by Ted Bilich | Dec 21, 2021 | Risk Management
In our last post in this series, we described how a successful nonprofit organization can perform its first risk inventory. Here, we follow that by discussing what you should do with the results. Meet to Discuss the Results After your team and board members perform...
by Ted Bilich | Dec 13, 2021 | Risk Management
Your nonprofit organization may have great plans, but if you do not have a realistic awareness of your risks, those plans are merely hopes and dreams. Because of this simple truth, the first step in nonprofit risk management should be a risk inventory: a thorough...
by Ted Bilich | Dec 6, 2021 | BeST, Nonprofits, Risk Management
When people use the term “risk” in everyday conversation, they often mean the possibility of a negative outcome. One talks about the risk of catching the flu, drinking and driving, or walking across the street without looking both ways. Some academics and risk...
