Risk Management

Risk management deals with the possibility that some event may cause harm. An incident that effects a nonprofits reputation could lead to difficulty finding funding, public support, volunteers and clients. Ultimately, it could harm the organization’s chance for survival. It is important for nonprofits to have risk management practices in place in order to avoid these possible risks. Common strategies, techniques, and approaches recognize and confront threats faced by a nonprofit. Many nonprofit risk management practices involve decreasing risks at events, screening volunteers to protect clients, fully training and evaluating nonprofit board members, developing consistency in employment human resources practices, and protecting the organization’s financial documents.

 

Risk Managment Articles

 

 
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