Risk Management Policy

1.Introduction

The Afghanistan Solidarity for Social & Humanity Organization (ASSHO) recognizes the importance of effective risk management in achieving its mission and objectives. This Risk Management Policy outlines the principles, processes, and responsibilities for identifying, assessing, and mitigating risks to ensure the organization’s continued success and the well-being of its stakeholders.

Main Terms

Threat: A danger or potential source of harm or loss.

Risk: The likelihood and potential impact of encountering a threat.

Risk Management: A formalized system for forecasting ,weighing ,and preparing for possible risks in order to minimize their impact.

2. Risk Management : Key Principles

  • Proactive Identification: ASSHO always continuously identifies potential risks to its operations, including security, safety, fiduciary, information, legal/compliance, reputational, and operational
  • Assessment and Prioritization: Risks areas¬† based on their likelihood and potential impact and prioritized accordingly. This will involve a comprehensive evaluation of the risk areas identified.
  • Mitigation Strategies: Mitigation strategies were developed to address identified risks, considering the organization’s capacity and available resources. These strategieswillaimtominimizetheimpact and likelihood of occurrence.
  • Regular Review: The risk management process is regularlyreviewedandupdatedtoreflectchanges in the operating environment, organizational structure, and other relevant factors.
  • Integration with Operations: Risk management is integrated into all aspects of ASSHO operations, ensuring that it becomes an integral part of decision-making processes.