Monitoring and Alerting: The Backbone of Strategic Risk Management
Introduction In today’s fast-paced business environment, organizations face numerous risks that can impact their operations, reputation, and bottom line. Strategic Risk Management is crucial to identifying and mitigating these risks. One of the essential components of Strategic Risk Management is monitoring and alerting. According to a survey by PwC, 71% of organizations consider risk monitoring and reporting to be critical or very important to their risk management strategy (PwC, 2020). In this blog post, we will explore the importance of monitoring and alerting in Strategic Risk Management and provide practical tips on how to implement it effectively. ...