ABSTRACT
Effective risk management helps the organization understand its opportunities and threats, and address them as appropriate to manage the consequences and thereby maximize its chance of achieving its objectives by managing the uncertainty. It is important to remember that risk is associated with the performance of the strategic objectives of the organization. The internal context includes anything that the organization has control over or where it has a sphere of influence. The external operating environment affects the operations, people involved in supporting the operations have an interest in the information that is created in the characterization of the external environment. Understanding the context of the organization provides insight into the internal and external influences and factors that impact the way organizations operate at the community level and influence the decisions that will be made by leadership at that location. Sustainability efforts need to be continuously vigilant with respect to opportunities and threats associated with a changing external context.
