Risk Management for NPOs
Foreseeing and planning to mitigate as many problems as possible, is vital for the sustainability and smooth running of non-profits, schools and faith-based entities. Managing risk encompasses the identification, evaluation and prioritisation of potential risks, followed by coordinated application of resources to minimise, monitor and control the probability or impact of unfortunate events. Risk management also often includes maximising the realisation of opportunities.
Sadly, in too many non-profits, where staff and volunteers are focused on service delivery and resource mobilisation, they seldom highlight risks – let alone how they will deal with just those that they can think of. And very rarely are scenarios such as pandemics or the suspension of major funders’ support considered.
Failing to identify and plan risk mitigation measures often, sadly, means the closure of organisations.
Jill Ritchie has spent over three decades in non-profit management, fundraising and consulting to universities, schools and non-profits active in a vast array of sectors. Join her as she shares her experience in the critical field of managing as many risks as possible.
Topics covered include:
- Understanding Risk in the Non-profit Context
- Governance, Compliance and Leadership
- Financial Risks
- Fundraising and Income Risks
- Risk Identification and Assessment
- Risk Evaluation
- Mitigation Strategies
- Regular Reviews of the Risk Register
- Operational Risks
- Reputational Risks
- Human Resources and Volunteer Management
- Strategic Risks
- Technological Risks
- Environmental and External Risks
- Embedding Risk into Organisational Strategy
