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The benefits of communication in proactive risk management In a previous post, we provided an overview of proactive risk management – what it is and how this approach functions in forward-thinking organizations. Here we’ll take a deeper dive and examine the benefits of proactive risk communications. Communication is key Communication is the cornerstone of virtually …

Characteristics of a Good Project Risk Manager Most projects are fraught with several risks concerning time, cost and scope. A good project risk manager gives early warnings with regards to key risks, preempts risks, and improves the likelihood of project success. These are some of the characteristics of good project risk management. Listens Effectively A …

Risk Analysis Every dollar and every hour is important to the success of each project. Making sound business decisions that take into consideration different real-world uncertainties can offer a safety margin and better profits. Project risk analysis entails the identification as well as quantification of the probability and effect of various events that can adversely …

Benefits of Enterprise Risk Management Enterprise risk management (ERM) is an effective way to manage risk across an organization with a common and robust risk management framework. The framework may vary considerably depending on the organization, but usually involves people, tools and rules. These are some of the benefits of ERM implementation. Organizations that implement ERM …

  • OMB A-123
  • NIST 800-53
  • ISO 31000
  • ISO 9001-2015
  • COSO
  • CMMI

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