Understanding Risk Management Processes and Activities

Published On:
September 16, 2020
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To objectively assess, manage, and compare performance in risk management, organizations need a standard framework for classifying and defining processes. APQC’s Process Classification Framework® (PCF) provides a structure to approach process-based thinking. Beginning with an overarching view of the enterprise, the PCF then delves into a taxonomy of categories, process groups, processes, and activities. Because risk management spans the enterprise, this article pulls together definitions for processes from multiple categories and process groups across the Process Classification Framework.