A Quick Introduction to Risk Management
Functionality to identify the risks to a Project / Grant / Program (or custom object), develop mitigation strategies for risks, conduct periodic assessments of risks, and track risk statusThe Risk Management functionality in Amp Impact has two key components:
It is related to assessing and managing risks at the program or grant/portfolio level for international NGOs or Funders respectively;
It is related to implementation and execution-focused risks; that is, risks that may impede achieving impact in a given program, grant or portfolio
This consists of Identifying and Defining Risks, creating Mitigation Strategies for those risks, collecting risks in Risk Registers based on their categories, and conducting periodic Risk Assessments for Identified Risks.