Benefits of effective Risk Management

1. Minimizes costs incurred by risk events, shocks and crisis.
2. Minimizes costs incurred by failure to demonstrate risk mitigation.
3. Avoid disruption to production and reserve streams.
4. Secure supply by mitigating supply chain vulnerability.
5. Enables the organization to attract and retain quality employees, suppliers and network partners.
6. Improves quality of strategy, policy and decision making.
7. Helps management to decide on which risks are worth pursuing and which should be avoided.
8. Improves stakeholder confidence and satisfaction with regard to corporate governance, protection of consumer and shareholder interest and equitable sharing of risk through the supply chain.

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