What is risk management in simple terms?

Risk management is not just about preventing surprises or bad things from happening. It has a lot to do with innovation. If your risk management department does not provide you with insights to improve your business, it is high time you changed the staff. According to ISO 31000:2018, risk management is the impact of uncertainty

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What is the relationship between risk management and innovation?

How does risk management help with innovation? To understand the relationship, study the pictures below and answer the questions that follow: Picture 1: T Model risks Name the four risks present in the T-model above? What risks do you see? Of course, you may have noted weak frame, the car cannot run fast as it

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Monthly fraud risk & integrity assurance as a service

As the reality of the economic impact of coronavirus sinks in, you need to explore cost-cutting alternatives. As part of the #coronavirus recovery strategy, leaders of businesses have been conducting a business assessment to identify possible revenue leakages in terms of process redundancy and inefficiency, time, and resource wastages in unnecessary procedures and control weaknesses

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