10 Fundamentals For Risk Reporting

April 28, 2016       The NonProfit Times      

10 Fundamentals For Risk Reporting

 

When considering organizational risk, nonprofit leaders are tasked with looking forward while also tracing the past when considering . With a sound perspective of the past important to informing the future, risk reporting becomes a valuable tool for organizations.

 

During a Risk Summit workshop, “Hello, Risk! Dynamic Risk Reporting Tips and Strategies,” Melanie Herman, executive director of the Nonprofit Risk Management Center provided 10 risk-reporting fundamentals.

 

* Tell a story, don’t read a statistical table or uninspired chart. Highlight your point rather than bogging the audience down with statistics.

* Remember to link risk reporting to the mission and strategy of your organization. Is the organization succeeding or failing to achieve a certain goal based on the data?

* Use risk reporting to illustrate successes, failures and opportunities. Identify actions needed in response to findings.

* Be conscious of the fact that the purpose of reporting risks is to engage your audience in a discussion.

* Show wide-angle and close-up views of information. For example, one chart may illustrate the number of injuries associated with a particular organizational function and another chart may detail the how those injuries took place.

* Acknowledge when you do not understand something or when data is not currently available to provide an insight.

* Build discussion questions into your reports. What changes in direction make sense based on the findings? Is the organization allocating appropriate resources to a particular program?

* Tell it like it is as opposed to how you wish it was. Charts can be manipulated, but avoid sugar coating the facts.

* Look toward the future. Don’t be afraid to make forecasts.

* Evaluate your risk reporting results. Did your audience understand the information provided right away? Did the presentation lead to discussions, new approaches and a to-do list?

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