The Relationship Between Risk Management and Business

 However, there is another crucial aspect of risks: positive opportunities. Risks involve future events that may impact an organization’s objectives, either negatively or positively. Therefore, risk management is not just about addressing threats but also about leveraging opportunities that can add value to the organization.
The second key point is the relationship between risk management and Business Impact Analysis (BIA). In risk management, we always evaluate probability and impact. However, when a BIA has already been conducted, the impact side is largely addressed. This allows risk management to focus more on probability by identifying potential threats and opportunities and assessing their likelihood.

Do you think your organization uses risk management effectively to address threats and capitalize on opportunities? And how do you see the role of Business Impact Analysis in supporting this approach?

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