An organization wants to develop a program to identify and manage physical, human, and financial factors that can help reduce its potential liabilities. What type of program would meet its requirements?
HRPA positions risk assessment/risk management as a core organizational effectiveness practice: systematically identifying, analyzing, and treating risks across people, operations, and finance to reduce exposure and liability. While due diligence is a compliance expectation within risk management, a risk assessment program is the overarching approach that identifies and manages these factors.
[References: HRPA Professional Competency Framework — Organizational Effectiveness (enterprise risk identification, analysis, and control); HRPA Study Guide — Risk Management (programs to reduce organizational liability)., , ]
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