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Avoiding Risk Management Failure: An End-to-end Process Approach
Read this article to learn how to approach operational risks from a process-centric perspective, reducing these risks and improving business performance.
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.
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