BC062_English: Risk Management as a Business Enabler

Risk management is often seen as a hinderance, an impediment to business and profitability; however risk management can also be a powerful enabler to business. Strong risk management processes, incorporated early into the business cycle, can allow organizations to enter into new markets or regions, be more profitable, and better protect the wider business interests of the organization. Risk management also protects the bottom line, while safeguarding against serious litigation and reputational risks. Risk management should be seen as a tool not only within the business process, but also as another component of sensible and effective project management. Risk management should not be viewed as a cost, but rather an opportunity for more effective and profitable business.