5 Key Stages to Effective Risk Management

Risk management is an increasingly important business driver and organizations have become much more concerned about risk. Risk is a driver of strategic decisions; it is a cause of uncertainty in the organization; and it is also simply embedded in the activities of the organization. An enterprise-wide approach to risk management enables an organization to account for the potential impact of all types of risks on all processes, activities, products and services.

There are several distinct stages involved in the risk management process, yet a robust risk lifecycle can be summarized in just five stages that serve as the basis for the main risk management regulations, including COSO and ISO 31000.

Read this eBook to find out which are these stages and how an effective risk management process can help you on the overall organization’s performance.