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Compliance sets the benchmark for risk mitigation. A compliance framework makes it possible to monitor identified risks, track trends and detect potential vulnerabilities. Complement this with an early warning system that can alert you to co-ordinate corrective actions thereby preventing potential breaches and consequential disasters.
Based on your critical processes and key business driver's ∑ Vision can work with your team to review the risk domain: risk of potential loss resulting from inadequate or failed internal factors - processes, people and systems – or from external systems.
At ∑ Vision, we work with certified managers and help you develop a framework and validate your strategies to take advantage of compliance , in a way that supports your business goals and delivers a solid return on your investments.
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All ©and ® belong to ∑ Vision, ∑ Ventures Inc.; and respective companies acknowledged; Disclaimer; 2005 |
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It is said that ‘no business is without risks', while this is true; risk can be contained if it is anticipated.
To mitigate risk it is important to understand it.
“Risk” is defined as – “ The quantifiable likelihood of loss or less-than-expected returns”, and “the practice of analyzing exposure to risk and determining how to best handle such exposure” is known as “R isk management”.
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