Question: Executive Summary Format for the Risk Management Plan The executive summary is your report in miniature. It efficiently summarizes the larger frame of your risk

 Executive Summary Format for the Risk Management Plan The executive summary

Executive Summary Format for the Risk Management Plan The executive summary is your report in miniature. It efficiently summarizes the larger frame of your risk management plan, a brief of major problems facing your organization, brief summary on each required sub-section key answers and takeaways from the plan as well as general proposed courses of action to mitigate risk. People who read only the executive summary should get the essence of the document without fine details. I suggest to include a thought-provoking "damaging" financial statistic to capture the reader's attention, a strong hook for your executive summary. Finish it by an assuring positive statement. Package the statement in a way to capture the reader's attention by communicating the need for a risk management plan and the usefulness of your proposed plan. Be confident. The reader should be encouraged by the summary to read the remainder of your report if they want the full story. The more succinct you are, the clearer your message will be, and the more confidence your reader(s) will have in your mitigation plan. Note: Whatever the executive summary highlights must be included in the report. Likewise, the report should not contain major points that did not appear in the summary. Save the analysis, charts, numbers, and glowing reviews for the report itself. An effective executive summary can be broken down into five paragraphs. Paragraph 1: Provide an overview of your business. This is where you should provide the name and nature of your business, stakeholders, and relevant insights about your industry. Details belong in the body of the document. Paragraph 2: Discuss target market, competition, and marketing strategy. Here, you should include a clear and concise definition of your target market, and the need or pain point that your business will aim to solve. Next, outline the competitive landscape of your industry, and the advantage that your particular business possesses. Your marketing strategy should focus on just the three strongest points of your marketing strategy. Remember, detailed background belongs in a background section or an introduction--not in the summary. Paragraph 3: Provide an overview of operational and financial risks. The third paragraph of your executive summary should provide qualitative and quantitative operational and financial risks highlights along with their possible consequences necessitating your mitigation plan. Paragraph 4: Show your risks mitigation plan. Here you should make clear your assumptions; document the areas that require improvements; outline the major components of your risk mitigation plan, risk responses, risk monitoring and control; identify escalation procedures to risk management; and report your action/implementation and tracking plan. Paragraph 5: Conclusions. Document your major recommendations and justifications. They should align with your risk analysis in the previous sections. The above executive summary should not exceed 5-10% of the length of the main report. I suggest one page

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