With increasingly changing Business Environments, Risk Management is becoming mandatory standard for any foundation to succeed
ISO 31000:2009 provides generic guidelines for the design, implementation and maintenance of risk management processes throughout an organization. This approach to formalizing risk management practices will facilitate broader adoption by companies who require an enterprise risk management standard that accommodates multiple ‘silo-centric’ management systems.
Benefits from risk management:
Supporting strategic and business planning;
Supporting effective use of resources;
Promoting continuous improvement;
Fewer shocks and unwelcome surprises;
Quick grasp of new opportunities;
Enhancing communication between Schools and Departments;