CHAPTER 12

The Future of Risk Management

Obviously, no one can accurately forecast the future. However, when it comes to risk management, there are some trends that give some strong clues as to what the future for risk management might hold. These trends have significance as well for nonprofits. In particular, there are two major and related trends that we see having the most impact on risk management for the nonprofit organization. These two significant trends are the increasing impact of technology, and an increasing level of complexity. In turn, these two trends are creating risk trends of increasing speed of risk management, shorter time frames for reliable risk forecasting, increasing importance of stakeholder management, and an increasing ...

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