Avoiding Risk Management Failure: An End-to-end Process Approach

Identifying and assessing the operational risks inherent to a business is an essential practice at any organization.

However, the risk assessment process at many companies is done purely for compliance reporting purposes. For the initiative to provide real results, a process-based risk management approach needs to be used.

In this article, Roger Burlton and Alex Aganov discuss a process-based risk management approach and show how organizations can create lasting and sustainable changes that add value to the business and to participants, by reducing risk and improving performance.