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1. 06-04-2008 13:20

Risk management is mainly basing on past predicting the future issues and creating mitigation plan. In the stronger and progressive ecconomy it will be easier to plan and keep making Risk Management changes to the system to avoid any losses to the company. However, when something unpredicted or some drastic change happens in the ecconomy, such as now, there is a chance that Risk Management will be in problem. Even though they comeup with quick fix to avoid any losses, it is imperative to a system to support such quick and frequent changes into the production. Organizations that does not have self servicing mechanisms for making Risk Based changes into the system will surely have problem in this tight and turbulent ecconomy.

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2. 06-04-2008 13:24

Risk management is mainly basing on the past data and predicting the future issues and creating mitigation plan.Also, keep identifying the sustainable risk level for the organization. In the stronger and progressive ecconomy it will be easier to plan and keep making Risk Management changes to the system to avoid any losses to the company. However, when something unpredicted or some drastic change happens in the ecconomy, such as now, there is a chance that Risk Management will be in problem. Even though they comeup with quick fix to avoid any losses, it is imperative to a system to support such quick and frequent changes into the production. Organizations that does not have self servicing mechanisms for making Risk Based changes into the system will surely have problem in this tight and turbulent ecconomy.

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3. 06-06-2008 16:18

Riak Management should never be "economically" driven, the same as with its sibling; Disaster Recovery and Disaster Planning. Often we outgrow our last generation of DR Plans without even recognizing it and that is when a first stage of higher risk hits. This should be the number one item to attack and fix.

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