Achieving corporate goals while optimising the risk profile and securing value are the main objectives of an enterprise risk management programme. Prioritizing stakeholder expectations and providing reliable information to those stakeholders is part of that job.
A risk management plan can be used to spot cyberattacks and information security risks and threats, including software flaws and careless employee password usage, and put plans in place to lessen them.
System performance and a efficiency should be evaluated, as well as legacy technology. Operational and technological failures that might have an impact on the core business should be identified, and infrastructure risk and potential network and computing resource failures should be monitored.
A risk assessment programme must adhere to legal, contractual, internal, societal, and ethical objectives and keep track of laws governing emerging technologies. A company can protect itself from uncertainty, cut costs, and increase the probability of business continuity and success by paying attention to risk and allocating the necessary resources to control and mitigate risk.
