Making Dott Risk Work For You

In order to get the full benefits of the Dott Risk process and access to the management tools, templates, workbook, framework, check lists and assessments you have to first become a member. Become a member now.

The core premise is that the business owner or appointed risk champion is seeking to improve the risk profile of the business or organisation they represent.

1. Use of the Dott Risk enterprise risk management framework and tools will help you inculcate a risk culture and enable you to pro-actively identify, assess and manage at least 70% of the key risks facing your business. This includes the ability to download key documents for the appointment of a Risk Champion, formalisation of the Risk Policy statement and the adoption of these by the Board.

2. It is important that you answer the assessments and check lists from the perspective of the business or organisation and not from your personal perspective.

3. The parties answering the various assessments or check lists must do so objectively and honestly such that an accurate indication of the risk profile and potential exposure to the specific risk in question is given.

4. We strongly recommend that you adopt the risk policy and download the Dott Risk workbook and recommended Risk Management framework to be used as the guide in the risk management process.

5. Different businesses have different risk profiles. Start the assessments by completing the Tell Us More assessment and setting your risk thresholds. This is then followed by completing the General Risk Assessment. This will then identify the key risk areas and re-affirm existing risk areas. The dashboard will then identify the detailed assessments that should then be completed. Once these are completed the dashboard will be updated and assessment feedback and guides for the areas of weakness will be provided in pdf format.

6. Allow yourself 40-60 minutes to complete the Tell Us More and General Assessment and between 5 and 15 minutes per detailed assessment. You don’t have to answer more than one assessment at a time and can stagger these to fit in with your time constraints. It is important however that you complete each assessment, monitor the dashboard and print out the relevant pdfs mailed to you.

7. The key risks identified in the risk assessments and check lists should then be recorded and managed using the recommended risk management framework in the workbook.

8. To simplify the assessment process, some assessments have been grouped together specifically for low risk and/or small/owner operated businesses. While the "lite" versions can be completed, some responses may well high-light risks that need to be assessed in greater detail at a higher level of assessment.

9. It is important however that you do cover all the categories of risk and applicable assessments or check lists as this may well high-light risks that you might not have thought about, were not aware of or which are a potential threat to your business or organisation.

10. You can use the tools, templates, library content and assessments as educational material for staff in order to educate and instill a risk culture.

Risk management is a continuous process so it is imperative that you focus on mitigating the key risks identified as well as keep abreast of new risks facing your business. By re-doing the identified Detailed Assessments, risk management improvement in the various areas can be measured.