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Nonprofit Risk Management & Contingency Planning: Done in a by Peggy M. Jackson

By Peggy M. Jackson

Might your nonprofit withstand hazard review from outdoors authorities?Would it's prepared may still a keystaff member leave?Risk administration and company continuity making plans have the opportunity of transforming into and strengthening the interior constitution of your nonprofit, but, those an important practices are frequently deferred--or avoided--because many nonprofits worry the making plans technique will take perpetually, step on ft, or assemble airborne dirt and dust on a shelf as soon as it's completed.With useful templates, checklists, and worksheets to facilitate making plans and coaching, Nonprofit hazard administration & Contingency making plans: performed in an afternoon innovations is the hot, basic approach on your nonprofit to get probability administration making plans done.With a few simple preparation--and commitment of a unmarried day--this easy-to-read and easy-to-use device introduces you to the nuts and bolts of strategic making plans and equips you with the constitution to interact effectively in a contingency making plans process.Get Nonprofit probability administration & Contingency making plans and get threat administration making plans done--in an afternoon.

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Organize this section of the plan by listing the risks associated with board, staff, operations, and relations with the public. Consider the common problems that follow for each of the four organizational components. Board The board is the entity that is entrusted with the governance of the nonprofit. The focus of the risk assessment questions center on defining written standards for behavior and procedures within the board setting. Often the absence of written standards for behavior and procedures leads to practices that could incur liability for the board as a governance entity.

Even if nonprofit managers and staff understand how risk management works, they may still feel overwhelmed by the task of putting it all together. There’s no need to be concerned. The template we discuss in this chapter can facilitate the construction of the first draft of a risk management plan. This useful tool helps your nonprofit quickly organize risk management activities by grouping the organization’s main components. 1). By using the template, you can identify risks and then prioritize to ensure a manageable agenda for risk management implementation.

Once a procedure is modified, the potential for loss from the risk is reduced because steps were taken to change the dynamics of the situation. For example, if there have been problems related to the way in which travel claims are reimbursed, the nonprofit can institute procedures and policies to standardize how travel claims paid. • Retention. In this method of managing risk, the nonprofit sets up a special fund to pay for losses or increases the amount of the deductible on an insurance policy.

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