I.E.
It is absolutely essential to ensure that all KEY RISKS are identified and evaluated. This is done by conducting a Business Plan Analysis by determining what would impact on the achievability of strategic objectives.
D.I.
The next step is to develop and implement risk controls that would ensure risk reduction in a cost effective way.
M.
Now that risks are Identified and Evaluated, and Controlled, it is essential to keep the finger on the pulse my Managing/Monitoring those risks.
