Identify two components of an effective risk report.

1. Clear and concise risk descriptions: The risk report should clearly outline the potential risks that the organization faces, including the likelihood of occurrence and potential impact. Each risk should be described in a way that is easy to understand and provides sufficient detail for stakeholders to assess the level of risk.

2. Risk mitigation strategies: An effective risk report should also include detailed information on the strategies that the organization has in place to mitigate or manage each identified risk. This should include specific actions that are being taken to reduce the likelihood or impact of the risk, as well as any contingency plans that are in place in case the risk does materialize. This information helps stakeholders understand how the organization is proactively managing its risks and can provide reassurance that appropriate measures are being taken.

1. Risk Identification: This section should list all the risks that have been identified, as well as their potential impact and likelihood.
2. Risk Assessment: This section should evaluate the risks that have been identified and determine their potential impact on the organization.