Strategic risk assessment is a structured review of the threats and uncertainties that could prevent an organisation from achieving its long-term objectives — things like market disruption, regulation, key-customer loss, geopolitical exposure, technology shifts or concentration of suppliers. A consulting exercise will map the strategy, identify the assumptions it relies on, and then test those assumptions against external trends and internal capabilities. Risks are prioritised by impact and likelihood, and mitigation options are costed and assigned to owners, so it’s not just a register but a management tool. This is especially valuable for boards that must demonstrate oversight and for groups expanding into new markets. Done well, strategic risk assessment keeps growth plans realistic while protecting value and reputation.
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Strategic Risk Assessment: What it actually means?
