Risk management if implemented effectively can help drive competitive advantage as well as ensure sustainability and growth.
What is Proactive Risk Management?
Proactive risk management improves an organization’s ability to avoid or manage both existing and emerging risks and helps adapt quickly to unwanted events or crisis. It helps build an understanding required to measure and manage emerging risks which give organizations a better view of tomorrow’s risk and how it impacts their business.
Risk management is rapidly developing into a more forward-looking, enterprise-wide approach in order to avoid unexpected events and expenses down the line.
Having the right tools and capabilities to prepare and respond appropriately to emerging, unforeseen risks too has become crucial.
Courtesy Post by MetricStream – See more at: http://info.metricstream.com/proactive-risk-mgmt-pdf.html