We now come to the heart of the matter. We look at how we go about managing risks.
I have tried to avoid being too prescriptive, as it is important to find an approach that you are comfortable with, and therefore actually use, rather than struggle to do it the allegedly correct way and give up. Risk management is there to serve businesses, not vice versa.
What Is Embedded Risk Management and How Do You Do It?
Internal or External?
You may have heard that risk management should be embedded in an organization. This means that it should become part of the culture, the way everything is done, and not just an add-on. If that is true, you may wonder how there can be any point in using the services of external risk management ...