The Task

A suitable risk management framework, containing the risk management architecture, strategy and protocols, is a prerequisite to the successful implementation of the risk management process in any given organization. This framework is necessary in every organization no matter what size it is or what it does. They can be used by both public and private organizations and by groups, associations and enterprises of all kinds. These practices are not specific to any sector or industry and can be applied to any type of risk.

For your organization or an organization of your choice, write a report for distribution to the board of directors or equivalent authority, in which you do the following: Examine the adequacy of your current organization$$s risk management policy situation and propose recommendations for its improvement. $[20$ marks$]$ include APA Citations