A picture is worth thousand words. Infographics is a very powerful way to visually communicate complex risk management concepts. In this part of our resource library, you can find infographics created by RiskSpotlight team on risk management topics.
You can download the infographics using the image saving feature on your device. RiskSpotlight grants everyone permission to reuse the infographics, if such reuse does not require any updates to the infographics. If you would like permission to update the infographics for reusing it, please contact us at email@example.com
This infographic visually presents various basic aspects of identifying and managing a risk.
This infographic presents the various indicators which can be used to assess whether an organisation has a higher or lower level of risk appetite, when compared to another organisation.
This infographic presents the various components of the ISO 31000 definition of Risk. ISO 31000 defines Risk as "Effect of uncertainty on objectives". In this graphic, we are representing the negative consequences of risks as threats and the positive consequences as opporunities.
This infographic covers the concept of Swiss Cheese Model, which can be useful when defining controls to manage risks. The model assumes that every control will have some deficiencies and hence multiple controls are required to effectively manage a risk. It is important to think about the order of the controls to ensure that the deficiencies in one control is not same as deficiencies in subsequent control.
This infographic covers the concept of control effectiveness deteriorating over time, if they are not periodically reinforced. E.g. If an organisation has a control to train all employees on the Ethics Policy when they join the organisation, employees may forget about the content of such policy few weeks or months after the training. So to ensure that employees are aware about the policy content, it may need to require all employees to participate in training on the policy - every year.