Original Source:  Lawrence Ritchie | Osler

The following are some of the specific benefits of a preventative risk management program:

– See risks that are not apparent. Many of the real risks facing an organization cannot be gleaned from a textbook.  A comprehensive preventative risk management program leverages a team of experts to identify and provide a deeper understanding of all types of risks.

– Provide insights and support to the Board of Directors.  Board members may find it difficult to identify risks outside their areas of expertise and experience. Providing resources and…

 

Contributors: Open Source
Categories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management