Methods & elements of a solid risk management strategy.(Details)

From: Risk Management | Date: July 1, 2005| Author: | Copyright information

Establishing a risk management strategy is not easy. The process demands companywide collaboration, goal alignment, evaluation of identified exposures, development of a plan to deal with those exposures and a commitment to continual improvement. Before developing a new risk management strategy, or re-evaluating an existing one, consider the following advice from several risk experts willing to share their philosophies.

Intimacy of operations, goals and missions. Developing an effective risk management strategy first requires intimate company knowledge, according to Lucille ...

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