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BDO Risk Blueprint

BDO Risk Blueprint

BDO Risk Blueprint

At its core, risk management is about protecting and enabling your organisation's objectives. With a solid and strong structure, you lay out the foundations to grow your business, optimise your costs and build a sound business reputation.

To guide you towards successful risk management, we’ve developed the BDO Risk Blueprint: your go-to source on the fundamentals of risk management. If you’re looking to improve your organisation’s risk management framework, or want to deepen your risk expertise, here’s the place to be.

In this space, you’ll find videos on the essential aspects of risk management. Whether it’s Risk Appetite & Monitoring, Key Risk Indicators or Bow-tie analysis, every video of the Risk Blueprint clearly explains these concepts.

On top of this, you can access easy-to-use templates, read our practical and hands-on case studies or contact our risk experts for personalised, pragmatic advice.

Discover our risk blueprint video's

Article 1: Risk Management Framework & Maturity Criteria

The five key elements of a risk management framework

The first crucial element to build a strong, solid framework is risk identification. Think of this step as your organisation's early warning system. During this phase, you think about what could go wrong and, more importantly, what might stand between your organisation and its ambitions. Not just by listing potential problems, but by gaining a deep understanding of the challenges that could affect your success.

Once you have identified potential risks, the next step is performing a risk assessment. Here, we move from awareness to evaluation by seeing how much each risk matters. This evaluation considers both the likelihood of the risk occurring and the potential impact it could have on your organisation. By knowing the scope of your risks, you are building the foundation for informed decision-making.

With this knowledge in hand, you can move to risk mitigation and controls. These are the practical measures you put in place to reduce the risks you face. But implementing controls is not the end of the journey. Finally, it is essential to ensure everything works as intended through careful risk monitoring.

Binding all these actions together expresses the motivation for risk management: risk appetite. Risk appetite is your organisation's compass, it helps you to calibrate and target your risk management actions. It defines not only how much risk you want to face, but also the level of residual risk you are willing to accept.

Get in touch with our risk experts

Do you have questions on how to improve your risk management or on any specific topic?
Contact one of our risk experts below for personal & pragmatic advice. No strings attached!