Source: Management Tips from Harvard Business Review
Risk Management departments are springing up in many companies. They Categorize and analyze risk to the company before it happens, and in most cases, they create systems and processes to prevent risks.
But the reality is that all hazards can’t be predicted or avoided. Instead of simply staving off risk, focus on building resilience so that when the unthinkable happens, you’re better prepared to face it. Look at all the risks you face and play out what you would do if any of them were to come to bear. Having systems in place to respond, could save you valuable time, money, and resources. ISO 31000:2009 provides the process for managing all kinds of risks http://iso.kci-fms.com/services/iso-standards/iso-31000/