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What impact does risk have on an organization's objectives, and how does it make risk management decision to improve outcomes? ​

Sagot :

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Answer:

Benefits of Risk Management Risk management involves the process of risk planning, analysis, and evaluation. This process involves the identification of the risk, evaluation of the best practices to curb the risk and the generation of future plans which will help in preventing the occurrence of such a risk. Risk management helps an organization to develop better management practices which help in maintaining a continuous flow of operations in the organization. It also helps in the management of the organization operations by giving a guide of the management process in planning activities and identification of work in the organization. Risk management also helps in organization comparisons of alternatives which helps the organization include the best competing alternative (Sadgrove, 2016). Project goals and objectives The risk management goals involve the development of a risk management network within the organization to achieve a better understanding of the competitive advantage on risk management among other factors which will help in maintaining a continuous flow of operations in the organization. On the other hand, the objective involving the risk management project involves the assessment and evalu

Explanation:

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