How effective would risk management be if you simply identified the risks and then walked away from them? Although some would argue that the simple act of identification improves the ability to watch for risks, it does not take full advantage of the positive impact that a set of well-planned responses may have on a project or organization.
Consider an organization where you currently work or one with which you are familiar.
Provide a brief overview of your selected organization to reacquaint your colleagues with it. You can include information about the size and industry of the organization, governance structure, and attitudes of its leaders toward risk.
Discuss your organization’s use and practice of identifying and responding to risks effectively.
Based on the use and practices that you have shared, describe how you would improve the risk procedures employed within your organization.
Conclude by describing how your suggestions would impact the organization itself.