Timing of Risk
They say timing is everything, and so it is with risk management. When we begin the risk management process can be the determining factor between success and failure, or at least between great and marginal results. But not all organizations have a defined process or an actual starting point for the management of risk. Ask yourselves the following and discuss:
- In your organization, when does risk management take place in procurement management processes?
- How does this affect, either positively or negatively, the procurement process?
- How effective is this approach?
- What improvements would you implement?