The Ultimate Risk Management Guide: Everything You Need to Know process.st/risk-management August 9, 2019
Oliver Peterson August 9, 2019
What’s the worst that could happen? Risk management is one of the first things you should be thinking about when planning for pretty much anything in your business. The truth is, risk inescapable; success of your business is not determined by your ability to avoid risk, rather by your ability to accept, plan for, and take advantage of the varying outcomes risk might present to you. It might sound negative, but risk management is actually more optimistic than it seems. The key takeaway is that successful risk management strategies are proactive, as opposed to reactive. By thinking ahead, you can prepare for and prevent risks before they even have a chance to arise. In this article, we’ll take a look at how you can use Process Street to streamline and automate your risk management approach, including: Hopefully by the end of it, you’ll have a better understanding of how to focus your risk management efforts into a forward-facing, proactive approach. There are lots of ways to approach and prepare for risk, and this article will give you the tools you need to master risk management.
Getting started with risk management First, a quick definition of risk management by a respected international standards body: “…[the] systematic application of policies, procedures and practices to the activities of communicating and consulting, establishing the context and assessing, treating, monitoring, reviewing, recording and reporting risk.” – ISO 31000 – Risk Management Guidelines 1/13