Risk Management

Plans and implements measures that will avoid, overcome or compensate for elements of risk.

Key Behaviors:

  • Manages work and information within a strategic framework.
  • Establishes or relies on proven risk management methods, models, and tools.
  • Aligns efforts considering individual, division/branch/office, and organizational strategies.
  • Identifies the risks of negative outcomes (including inadvertent error or fraud).
  • Evaluates controls to help mitigate negative outcomes through prevention or detection and correction.
  • Communicates the impact of identified risks and recommends corrective action.
  • Examines and defines factors that could adversely affect project task completion, delivery of contractual work products or achievement of customer satisfaction
  • Ensures ongoing compliance with regulatory requirements.
  • Quantifies and assigns probabilities to risks and opportunities (level and likelihood)
  • Develops solutions to mitigate risk and maximize value
  • Conducts periodic review of activities to ensure work in compliance with risk objectives.
  • Maintains consistent data.
  • Collaborates with stakeholders and users to gain insight.

Developmental opportunities for this competency are available from the NIH Training Center.