UDiTE Strategic Risk Management

In partnership with:

http://www.primo-europe.eu

In recent years, a wide range of events (legislation, court decisions, regulatory actions, new audit rules) have produced a great interest in risk management. In addition to the impact of new laws and rules, this interest is partly due to an increasingly complex world, converging global markets, accelerating technological development, and an enhanced feeling of vulnerability and insecurity among the world’s population.

The speed with which information is now transmitted around the world also adds to a sense of urgency. And, of course, the interconnectedness of the modern world is highlighted daily in such issues as terrorism, climate change, and world trade.

Risk management is an organisation’s formal, planned response to both possibilities (opportunities) and threats.

Threats, of course, can produce negative effects on organisation value, while possibilities and opportunities can directly enhance value. Today, risk management is seen as a comprehensive effort to assure the organisation that risks are managed to best advantage.

Please click here to view the second edition of the PRIMO Europe magazine "Risk Management & Governance".  This edition is focussed on sharing knowledge, experience and best practice regarding public risk management and public governance; with the hope to contribute to a common awareness and approach in Europe.

Last Updated: 2009. 10. 19. 9:45:37 By Katherine Hitchcock