Corporate Risk Management Strategy

Risk Management Strategy is an integrated business process that incorporates all of the Risk Management processes, activities, methodologies and policies adopted and carried out in an organization. The Risk Management strategy sets the parameters for the entire Risk Management and is usually released by the executive management of an organization.

As depicted in the diagram of The Risk Process, Risk Management Strategy consists of two processes, one setting the framework for the entire Risk Management and the other setting the communication channels in the organization (see yellow box embracing Definition of Scope and Risk Communication).