Before a CFP can take steps to address risk, they must be able to accurately identify and assess the risks in their organization. This involves developing a comprehensive understanding of risk as it pertains to specific business operations and processes.

Once risks are categorized, you can develop a strategy for whether risks should be avoided, assumed, transferred, or mitigated.

By the end of this module, you will be able to:

Complete an assessment of the different types of risk facing your organization
Classify whether risks are being avoided, assumed, transferred, or mitigated
Perform a gap analysis regarding any risks that are currently left unaddressed
Develop a risk mitigation plan that protects your organization

David Madison

Principal, FMI Corporation

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