The Key to Successfully Integrating Your Planning and Risk Processes
By: Brad Smith | Principal Consultant
Reading Time: 2 Mins
Today’s climate proves that both local and global events can significantly impact the strategy and operations of an organization. With key attributes in today’s volatile and uncertain environment being agility and flexibility,
its crucial to consider if your organization is taking the right steps to bring risk and strategic management together to secure its short and longer term success.
Why integrate risk management with strategic and business planning?
By integrating enterprise risk management with strategy development and execution, an organization will be well positioned for sustainability and growth.
Why is it that organizations have been slow to adopt risk and strategy integration? Reasons include:
Adoption of either too simplistic or overly complex risk models
Treating enterprise risk management as primarily a compliance activity, rather than an integral part of strategic and operational planning
Lack of clarity on the organization’s risk appetite, which in turn can either expose the organization to unacceptable levels of risk or limit the uptake of opportunities
A lack of understanding how risk management, strategy development and execution best integrate
Risk management must work with the business and the business must understand where, when and how to incorporate it with corporate strategy and operations.
To discover the benefits and the key to successfully integrating the process download ourfree Whitepaper here.
With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organisation, and focus on what matters.