RISK FACTOR
COMPETITORS
CURRENT STATUS/RISK ASSESSMENT
FUTURE RISK MANAGEMENT
RISK LEVEL
INCOME — Conference and course registration, product sales, grants, contributions, investments income, etc.
Course 123
Course D,
offered by
Organization Y
___ staff once viewed this to be more
complimentary as opposed to competi-
tive to Course 123. Course D used to
focus exclusively on _____ whereas
Course 123 is more comprehensive.
However, the most recent version of
Course D includes additional modules
that serve to make it more competitive
with Course 123.
Staff executed a marketing plan
that highlighted Course 123’s
competitive advantage over
Course D.
4
Hurts
Little More
The revision of Course 123
is underway. With the revised
content projected to require
more than 2 days of a student’s
time, select modules are being
put online. Market research was
conducted in 20XX to ensure
content delivery meets the
needs of students, providers,
instructors, and directors.
___ Annual
Conference
Organization F
Conference
Offerings presented at the Organiza-
tion F conference are of interest to
___ members, particularly _____.
Continuing Education credit can be
earned by attending Organization F’s
conference.
No action at this time.
2
Hurts
Little Bit
Internal
Financial
Controls
N/A
Comprehensive internal controls are
in place to help mitigate financial
management risk. The controls are
reviewed annually by ___’s external
auditor.
The auditor will continue to
review internal controls and
undertake annual audits.
0
No Hurt
___ has a financial management sys-
tem and software (i.e., ______s) which
also serves to mitigate risk.
The auditor will continue to be
available to respond to board
member questions or concerns
regarding financial management
The audit firm undertakes compre-
hensive financial audits annually, with
results presented in-person to the
Board by the engagement partner.
The auditor is available as needed to
the Treasurer and other board members to address questions or concerns
regarding financial management.
Advertising –
Product
Revenue
Various
___ accepts advertising in ___ and
elsewhere for products that directly
compete with our own. Such advertis-
ing will continue to be allowed given
the assumption that ___ products are
superior, or at least perceived by our
members to be superior.
The Executive Director will
benchmark practices with
other ___ associations relative
to this issue.
2
Hurts
Little Bit
