HR-Survey > Employee Opinion > Dimensions

Survey Questions: Risk Management

Definition: Risk Management is the disciplined ability to evaluate the likelihood and consequences of potential events, analyze risks against acceptable thresholds, and maintain awareness of operational, financial, and safety‑related exposures across the organization. It involves determining appropriate levels of acceptable risk, designing policies and initiatives that integrate risk thinking into existing processes, and making informed decisions that balance opportunity with protection. Effective Risk Management requires applying mitigation, control, and response strategies; monitoring trends and vulnerabilities; and embracing calculated risks that can create value while maintaining resilience. It is strengthened through clear communication, consistent process support, defined responsibilities, and ongoing training that builds organizational competence in identifying, understanding, and managing risk.

Evaluates Risk

Evaluates Risk focuses on assessing the likelihood and impact of risk events to inform strategic decision-making and ensure compliance. This dimension highlights understanding probability, determining acceptable risk tolerance, using risk management for project implementation, and supporting corporate objectives. It prioritizes general assessment and strategic integration, ensuring risk is systematically evaluated within the organization.

My supervisor uses risk management to remain in compliance with regulations.
Our department effectively uses risk management information.
My manager evaluates risks in terms of their consequences and likelihood of occurrence.
I understand how to evaluate the probability of a risk event occurrence.
Our department identifies emerging risks by reviewing operational data, environmental changes, and early warning indicators.
My supervisor uses risk management to be more effective in identifying and implementing projects.
Senior leadership evaluates the impact of certain events on the attainment of corporate objectives.
My supervisor uses risk management to make better strategic decisions.
Senior leadership of the company is effective in determining an acceptable level of risk tolerance for the company.

Risk Analysis

Risk Analysis emphasizes prioritizing, quantifying, and systematically analyzing risks to determine the most pressing threats and guide mitigation strategies. This dimension centers on identifying critical risks, leveraging statistical models (like Monte Carlo Simulations), performing audits, and optimizing resource allocation to minimize adverse outcomes. It prioritizes structured evaluation and proactive mitigation, ensuring risks are examined comprehensively and addressed effectively.

Our department performs a risk analysis as needed.
I am able to quantify current business practices to make better informed decisions.
I am able to evaluate risks against acceptable risk levels.
Our department regularly performs a risk analyses to minimize adverse outcomes.
Team members evaluate risk metrics over time to determine whether exposure is increasing, decreasing, or stabilizing.
My manager determines which are the serious threats.
Senior leadership prioritizes risks based on probability of occurrence and possible impact to the company.
The company's Internal Audit Department regularly conducts internal audits of risk assessments.
Our department balances operational needs with risk requirements to maintain both safety and productivity.
My manager effectively prioritizes risks to act on critical issues first.
The supervisor reviews historical risk events to anticipate future patterns.
My manager uses Monte Carlo Risk Simulations and decision analytics to create the best possible strategic decisions.
I am able to prioritize the risks facing the department to determine the most pressing needs.

Risk Awareness

Risk Awareness focuses on recognizing, identifying, and understanding potential risks in business operations, compliance, and workplace activities. This dimension highlights being able to perceive financial, regulatory, and operational risks, ensuring individuals and leadership can assess potential threats and opportunities. It prioritizes risk perception and comprehension, ensuring that employees and managers are equipped with the knowledge to recognize risks before they escalate.

My manager understands the possible financial risks of different events.
My manager accurately perceives potential risks in the workplace and initiates preventative measures.
I am aware of the financial implications of certain risks.
My team informs leadership promptly of any significant changes in risk levels.
My manager understands how to meet regulatory compliance.
Supervisors correctly perceive the risks of different work tasks and activities.
I can identify the most significant risks from business operations.
I am aware of process safety management.
Senior Leaders understand that risk may represent a threat or an opportunity.
My manager accurately perceives potential risks in the workplace.
I have the knowledge and skills to accurately identify risks in the workplace.

Determines the Consequences

Determines the Consequences focuses on evaluating the potential impact of risks and understanding their effects on business operations, financial outcomes, and strategic goals. This dimension highlights assessing acceptable risk levels, anticipating the results of adverse events, and even identifying opportunities to leverage risks for competitive advantage. It prioritizes impact analysis and strategic decision-making, ensuring organizations can prepare for and respond to risks effectively.

My manager determines if the level of risk is tolerable.
My manager determines the potential financial impact of specific risks.
Supervisors are effective in determining the potential outcome of adverse risk events.
Senior leaders determine the impact of specific risks on finances.
Leadership recognizes the potential impact of systemic risks.
Our department effectively anticipates the consequences of different potential risk events.

Design Initiatives

Design Initiatives emphasizes developing structured policies, frameworks, and strategic responses to manage and mitigate risks effectively. This dimension centers on aligning risk management processes with business strategy, creating policies, setting proportional responses, and ensuring risk management initiatives enhance company success. It prioritizes proactive risk management and policy design, ensuring organizations have structured approaches to minimizing threats and adapting to changing conditions.

The Supervisor designs risk response activities that are proportionate to the level of risk.
Senior leadership creates a risk management strategy for the organization.
Our department develops policies for risk management.
Managers align risk management activities with existing processes.
Our department effectively outlines the risk management framework including responsibilities, description of the process, and guidance on evaluating risk criteria and appropriate risk responses.
Our department designs risk management activities that support the success of the company.
Supervisor are able to determine a proportional response in relation to the level of risk.
Senior leadership creates dynamic and responsive enterprise risk management processes.
The project leader creates a risk profile for projects and teams.
My supervisor determines the proper tools to efficiently manage the risk.
My manager develops policies to address risk situations in the workplace.

Manages Risk

Manages Risk focuses on assessing, overseeing, and strategically handling risks to ensure long-term sustainability and informed decision-making. This dimension highlights accepting calculated risks when necessary, viewing risks as opportunities for profit, implementing strategic risk management, and making tactical decisions in changing environments. It prioritizes risk oversight and adaptation, ensuring that risk is effectively integrated into business strategy rather than simply avoided.

I am willing to accept risk as needed.
Senior leadership seeks to maintain the long-term viability of the Company through effective risk management.
My manager implements strategic risk management in an objective and tactical way.
Project managers effectively manage risk for the department.
Managers are able to view risks as potential opportunities for profit.
My manager is effective in basing decisions on patterns found in fluid/changing information.
My manager works effectively to avoid risk.
My manager works effectively to mitigate risks.

Mitigates Risk

Mitigates Risk emphasizes reducing the likelihood, impact, and cost of risk events through proactive strategies and preventive measures. This dimension centers on minimizing operational setbacks, containing costs related to risk responses, anticipating supply chain vulnerabilities, and ensuring structured risk management components are in place. It prioritizes risk reduction and damage control, ensuring organizations take preventative steps to minimize potential negative effects.

Managers minimize operational setbacks and delays.
My manager takes steps to contain the costs of responding to such events.
Our department ensures all components of risk management are in place.
Supervisors know how to obtain desired results with minimal losses.
Managers communicate changes in risk mitigation process promptly and clearly.
My manager implements strategies to mitigate risks.
My manager uses data from the purchasing department to anticipate possible supply chain risks.
Supervisors take steps to minimize the impact/damage of the risk events.
Our department minimizes the increase in costs due to global events or supply chain issues.
Senior leaders take steps to reduce the occurrence of the risk events.
My manager explains the purpose and value of risk mitigation procedures to increase buy-in and compliance.

Controls Risk

Controls Risk focuses on actively implementing strategies to minimize risk and prevent negative outcomes before they occur. This dimension highlights reducing uncertainty, establishing strong internal controls, making informed risk-based decisions, and ensuring processes are structured to mitigate threats. It prioritizes prevention and proactive risk management, ensuring organizations take direct action to limit exposure to critical risks.

My manager seeks to reduce uncertainty (risks) in the supply chain.
Our department implements changes to reduce the chances of critical incidents in the future.
Our company adopts a risk-based approach to establishing systems of internal controls.
Our department establishes good controls over the process to better manage risks.
My manager ensures that any risky decisions taken are based on informed decision making.
Project managers will effectively determine the amount of deviation from the plan that will be tolerated.
My manager develops appropriate strategies to minimize risks.
Our department is aware of appropriate actions to minimize risks.
The members of my team manage risk control systems to ensure they are functioning as intended.
My manager accurately determines appropriate risk levels (i.e., levels of acceptable risk).
My supervisor recognizes that small changes may snowball into major events.

Embraces Risk

Embraces Risk focuses on viewing risk as an opportunity for advancement and leveraging calculated risks to create competitive advantages. This dimension highlights identifying strategic risks, recognizing opportunities within uncertainty, rewarding innovative risk-taking, and using risk acceptance as a tool for business growth. It prioritizes proactive risk adoption and strategic opportunity-seeking, ensuring organizations can use risk as a catalyst for innovation and expansion.

Our department seeks to add value to the company by embracing risk.
Supervisors reward risky ideas that may yield significant benefits.
My manager identifies and mitigates risks while making informed, strategic decisions.
Our department seeks specific risks that will create opportunities to advance the company.
My manager seeks to capitalize on risks.
Our department adds value to the organization through acceptance of certain risk.
Senior leaders identify opportunities that may be created by taking specific risks.
My manager takes calculated risks by effectively recognizing and managing them.
Managers turn risks into opportunities for advancement.
My manager looks for opportunities to turn a risk event into an advantage for the company.

Monitors Risk

Monitors Risk emphasizes tracking, auditing, and assessing ongoing risks to ensure mitigation strategies remain effective over time. This dimension centers on regularly reviewing enterprise risk management efforts, performing audits, analyzing emerging risks, and ensuring proper stakeholder communication when risk events occur. It prioritizes observation and adjustment, ensuring organizations stay responsive to shifting risk environments rather than relying solely on predefined controls.

My manager monitors risk events and notifies appropriate stakeholders.
Our department adjusts monitoring processes based on lessons learned, new data, or changes in organizational priorities.
Our department monitors enterprise risk management activities for their impact and effectiveness on mitigating risks.
The team leader monitors how operational changes (new processes, staffing shifts, technology updates) affect risk exposure.
Our department regularly conducts audits of the risk management framework.
Our department performs monthly risk management assessments.
My manager analyzes trends in incident data to identify recurring vulnerabilities or systemic weaknesses.
My department coordinates with cross-functional teams to ensure risk monitoring is embedded in daily workflows.
The project lead effectively tracks risks in the project.
The company assesses whether risk mitigation measures are being consistently applied across teams or departments.
My team monitors the effectiveness of risk management strategies.
Our team tracks and monitors incidents that may increase the risk of adverse consequences.
My manager monitors leading and lagging indicators to detect shifts in risk exposure before issues escalate.
My supervisor keeps watch on external factors (regulatory, market, environmental) that may alter the organization's risk profile.
Supervisors evaluate whether current monitoring tools and methods remain adequate and recommend improvements.

Risk Response

Risk Response emphasizes reacting to risk events in a way that minimizes losses and ensures organizational resilience. This dimension centers on contingency planning, adapting swiftly to changing situations, implementing controls, and maintaining business continuity in the face of uncertainty. It prioritizes reactive risk management and structured response, ensuring risks are mitigated effectively rather than disrupting operations.

My manager identifies the controls needed to respond appropriately to risk events.
Our manager verifies that corrective actions from previous assessments remain effective over time.
Our department reduces risk to a manageable level.
My manager creates a level of resilience in the organization.
Our department has created contingency plans.
Our department avoids maintaining the status quo (or standard operating procedures) when addressing new and influential situations.
Senior leadership has created continuity plans.
Our team revises risk thresholds and triggers as conditions evolve.
My manager is able to adapt quickly to changing situations.
The company responds appropriately to unexplained or unanticipated events.
Supervisors decides what actions will be taken after a critical incident.
Managers effectively respond to critical situations to reduce potential for losses.

Responsibilities

Responsibilities reflects the ownership, accountability, and governance side of Risk Management including the formal duties of ensuring regulatory, strategic, operational, and project risks are managed appropriately, maintaining accurate records, preparing reports, tracking compliance, and integrating risk data across the organization. People demonstrating this dimension are accountable for the integrity of the risk management system itself--they oversee processes, ensure documentation is complete, communicate risk status to stakeholders, and use data to inform strategic decisions. Responsibilities is about being the steward of the risk function and ensuring the organization has a reliable, compliant, and well-governed risk framework.

My supervisor maintains accurate, up-to-date records of risk assessments, monitoring activities, and follow-up actions.
Our department helps to integrate risk management processes, data, and analytics across the company.
The Rosk Manager provides regular updates to stakeholders on risk status, trends, and areas requiring attention.
The Risk Manager tracks compliance with risk-related policies, procedures, and controls.
I seek to increase safety in the workplace.
My manager is responsible for regulatory, strategic, operational and project risk management.
Senior leadership uses risk data to generate insights and drive strategic decisions.
My supervisor is concerned about process safety management.
Our Risk Manager prepares periodic risk reports that summarize findings, trends, and recommended actions.

Supports the Process

Supports the Process reflects the enablement, reinforcement, and day-to-day operational execution of risk management focusing on how managers, supervisors, and employees help embed risk procedures into daily work--encouraging discussions, increasing visibility, aligning team actions with risk appetite, and ensuring procedures are consistently applied across teams. This dimension is about making the risk system work in practice: reinforcing protocols, supporting cross-functional collaboration, integrating risk thinking into decisions, and helping employees understand and follow expectations. Supports the Process is about operationalizing the risk framework so that it is lived, understood, and consistently applied throughout the organization.

Colleagues ensure risk management procedures are consistently applied across teams and workflows.
Senior leadership provides support to managers involved in the risk management process.
My supervisor aligns team activities with the organization's risk appetite and tolerance levels.
Our department integrates risk management into strategic decision making.
My manager ensures risk processes support strategic goals rather than operate in isolation.
Supervisors ensure employees are aware of potential impacts by increasing risk visibility.
My supervisor is committed to implementing rules and procedures to minimize risk.
Associates support cross-functional teams in applying consistent risk practices.
Team members adhere to risk protocols during daily operations, not just during formal reviews.
My manager encourages employees to raise concerns and participate in risk-related discussions.
My manager improves process safety where possible.

Risk Communication

Risk Communication focuses on sharing information, setting expectations, and ensuring clarity across the organization. It involves translating policies into actionable guidance, explaining protocols, defining roles and responsibilities, and keeping stakeholders informed through reports, updates, and cross-department communication. The emphasis is on awareness, alignment, and transparency--making sure people understand what the risks are, what procedures require, and how decisions are being made. In essence, Risk Communication is about informing and connecting people to the risk management system so they can act with clarity and confidence.

My supervisor communicates the safety protocols.
Our department maintains open communication with other departments in regards to risk avoidance and mitigation.
My manager establishes roles, responsibilities, procedures.
I present regular/monthly reports to the audit committee.
The Risk Manager communicates policies into clear, actionable steps for employees.
The supervisor clarifies expectations when new or updated risk procedures are introduced.
Senior leadership fosters an awareness and a shared responsibility for managing risk at all levels of the Company.
The Risk Manager ensures documentation meets regulatory, audit, and organizational standards.
Supervisors ensure that risk monitoring results are communicated in a way that supports informed decision-making.
The HR department promotes risk management competence throughout the organization.

Training

Training focuses on building capability, developing skills, and improving performance related to risk. It involves teaching employees how to apply risk procedures, coaching them on decision-making, creating guides and resources, and offering structured learning based on incidents, audits, or identified gaps. The emphasis is on competence and behavior change--helping people not just understand risk, but perform effectively in managing it. In essence, Training is about equipping employees with the knowledge, skills, and practice needed to follow risk procedures and make sound risk-aware decisions.

My manager coaches team members on how to incorporate risk considerations into their own decision-making.
The supervisor identifies gaps or inefficiencies in existing risk processes and recommends appropriate training.
I create informative guides regarding potential risks and risky behaviors.
I am knowledgeable of standard risk management principles.
I have attended risk management seminars and conferences.
My supervisor offers training to reduce safety incidents in the workplace.
My department provides training and resources to help employees follow risk procedures effectively.
Our department implements training based on lessons learned from incidents or audits.