| Risk
is the danger that events, acts, or omissions will obstruct a
private or government institution in the delivery of its
products and services, achievement of its objective or the
successful implementation of its strategies. Risks
include all events, actions, or omissions, internal or
external, that have the potential to threaten the success or
even survival of a company or government institutions.
Risk is not expressly restricted to unexpected negative
developments or events. It also includes the missing or
sub-optimal seizure of the positive developments and
opportunities.
Some of the recent issues that highlight the value of risk
management in public domain are:
- Katrina aftermath,
- Energy crisis,
- Federal coding of terrorism risk levels,
- Sub-prime mortgage crisis,
- Globalization of workforce, and its impact on economy
- Mars Polar Lander mission, and
- Business compliance addressed by Sarbanes-Oxeley.
Risk management embraces the whole spectrum of activities
and measures associated with the identification, evaluation,
and handling of risks. Risk controlling supports the
ongoing identification of risk and the control of risk
management mechanisms.
Risk management contributes to earning stability, improves
the quality, reliability, and safety of product or processes,
increases customer satisfaction by addressing failures that
could keep us from meeting customer exceptions, and reduces
product development time and cost.
We have experience in implementing Risk Management
discipline in large business as well as large advanced
technology product development projects, and performing cost
benefit trade-off analysis for various mitigation
plans..
We can train, deploy, and manage mitigation projects. We
will bring the tool, templates, and method to facilitate your
risk management initiative. For further discussion on
how Risk Management can help you, please contact solutions@BIPROinc.com
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