C E n T U R Y

Risk Management Process

Risk Identification: All departments are responsible for identifying potential risks relevant to their operations.
Risk Assessment: Identified risks are assessed in terms of their likelihood and potential impact.
Risk Control: Controls and procedures are put in place to mitigate identified risks.
Risk Monitoring: Risks and controls are monitored regularly to ensure that mitigation measures remain effective.
Risk Reporting: Regular risk reports are submitted to senior management and the Risk Management Committee.