delegation of risk management responsibility
Delegation of risk management responsibility refers to the process of assigning and entrusting specific individuals or teams within an organization with the authority, accountability, and control to identify, assess, and address potential risks that may affect the organization's objectives, finances, operations, or overall well-being.
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Related Concepts (1)
Similar Concepts
- delegated responsibility
- delegating responsibility
- delegating risk management tasks
- delegating risk response and recovery plans
- delegating the implementation of risk mitigation measures
- delegation and risk management
- delegation of authority to manage risks
- delegation of responsibilities
- delegation of responsibilities and roles
- delegation of responsibility
- delegation of risk assessment and analysis
- delegation of risk communication and reporting
- delegation of risk contingency planning
- delegation of risk monitoring and control
- delegation of tasks and responsibilities