The Risk Management Team has been mandated to:

1. Establish Key Elements;
2. Prioritise Objectives (Reward Realisation);
3. Identify Threats and Opportunities;
4. Separate and Reorganise Acceptable Risk;
5. Establish set priorities in line with the risk mitigation programs designed to avoid HD Faculty from risk exposures;
6. Develop sustainable capability through alliances with governmental and institutional entities that will increase confidence in HD Faculty's ability to fulfil its business objectives and purposes, on time, each and every time;
7. Improve HD Faculty's execution plans through informed persons that understand the nature and extent of the respective risk and impact that it would have on HD Faculty;
8. Establish and maintain risk monitor gauges that will identify, quantify and demonstrate HD Faculty's understanding and its effectiveness in respect to risk mitigation and control;
9. Provide the Board of Directors with demonstrated assurance about HD Faculty's risk management achievements pertaining to its goals, purposes and objectives;
10. Establish, maintain and update its policies, procedural guidelines and information system regularly in respect to the:
    1. Objectives of the Risk Management Program;
    2. Identification and classification of risk factors;
    3. Prioritisation of the risk factors;
    4. Assessment and evaluation of the respective risk;
    5. Quantifying of the risk in a concise format;
    6. Development and/or redevelopment of a risk mitigation and control system;
    7. Development and/or redevelopment of a risk monitoring and performance indication system; and
    8. Establishment and maintenance of a risk management system that enables HD Faculty and its clients to continuously improve the risk exposure through the exploitation of items (v), (vi), and (vii), above.