Risk management focuses on the fallout from possible future events whose exact consequences are unknown and on how those uncertainties are dealt with. These future events are generally classified as “favourable” (opportunities) or “unfavourable” (risks). Risk management is therefore the art and science of planning, assessing, and implementing measures to ensure future events become favourable opportunities for your organization.
Learn how to manage risks using a proven method that gets your teams working together and builds a risk management culture at every level of your organization.
Corporate directors — audit committee members in particular — are responsible for helping the board of directors supervise management with regards to internal risk control and management reports. As an outside, independent expert, RTCOMM identifies and manages the risks organizations face in order to attack the causes of a crisis directly in view of preventing it, neutralizing it, or reducing its impact. As needed,RTCOMM can also provide an emergency response plan to address any risks that develop or appear. A risk management plan therefore becomes a management process like existing control and audit procedures and helps to build a risk management culture within the organization.