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Strategic Risk Management ToolkitEFCL2021-06-30T14:19:54-06:00

EFCL Strategic Risk Management Toolkit

Strategic Reward

Positive impact of the strategic initiatives and innovations or goals towards your organization's operations or brand reputation.

Insignificant

Strategy, initiatives, innovations or goals have no impact on the organization.

Minor Impact

Strategy, initiatives, innovations or goals have very litle impact on the organization.

Moderate impact

Strategy, initiatives, innovations or goals result in increased effectiveness of the organization’s operations.

Significant Impact

Strategy, initiatives, innovations or goals have resulted in significant member satisfaction and clear organizational growth.

Financial Reward Points(Required)
Please select the button that best aligns with your opinion.

Strategic Reward Likelihood

Likelihood of the impact from Strategic Reward.

Rare

Very minimal chance the strategy, initiative, innovation or goal will meet a need in the community.

Unexpected

Unable to determine if the strategy, initiative, innovation or goal will meet a need in the community. Evidence supporting is anecdotal and limited in scope.

Possible

Slight chance the strategy, initiative, innovation or goal will meet a need in the community. Evidence supporting is not definitive.

Certain

Embarking on the strategy, initiative, innovation or goal will almost certainly meet a critical need of members and will result in member satisfaction.

Financial Reward Likelihood(Required)
Please select the button that best aligns with your opinion.

Strategic Risk

Consequence of failure to succeed on strategy, initiatives, innovations or goals on your organization.

Insignificant

Little or no impact on the organization’s long-term strategy or viability.

Minor Impact

Slight impact on the organization’s long-term strategy or viability. Likely to be forgotten over time.

Moderate Impact

Strong potential to impact the organization’s long-term strategy or viability.

Significant Impact

Critical impact on the organization’s long-term strategy or viability. Planning will be required to survive/adapt.

FRiskPoints(Required)
Please select the button that best aligns with your opinion.

Strategic Risk Likelihood

Likelihood of the impact from Strategic Risk.

Rare

Unlikely to happen, may happen only under special circumstances.

Unexpected

Small or slight possibility of an impact to the organization.

Possible

Impact likely to occur some of the time, but not frequently.

Certain

Significant impact from Strategic Risk is going to affect majority of the cases.

FRisk Likelihood Points(Required)
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Caution

High degree of risk and liability to the organization.

Observe Carefully

This opportunity or event has strong potential for a positive impact on the organization with manageable risk.

Proceed

This event or outcome will likely result in a positive benefit on the organization and appears to be low-risk in nature.

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