3. Effectiveness of Risk Management
For each of the risks, please indicate the effectiveness of your organisations current risk management practices to preventing or mitigating its impact.
Rating Scale:
1️⃣ Ineffective – No clear strategy, high vulnerability, or past failures in managing this risk.
2️⃣ Minimally Effective – Some measures in place, but significant gaps remain.
3️⃣ Somewhat Effective – Basic controls exist, but they may not be consistently applied or sufficient.
4️⃣ Moderately Effective – Controls are in place and somewhat effective, but improvements are needed.
5️⃣ Highly Effective – Strong risk management practices, regularly tested and updated, with minimal exposure.