Risk Management

Risk Management strategies acknowledge the tangible nature of risk, understanding it as an ever-present factor. While complete avoidance may not always be feasible, effective management is consistently achievable. We also understand that the costs linked to risk may not always be immediately apparent. These expenses comprise both visible expenditures for protection and mitigation, as well as the consequences of risk events when they do materialize. Additionally, there are hidden costs such as exaggerated estimates and contingency plans, the exclusion of capable partners, and the involvement of unsuitable collaborators.

• Evaluate the probability of risk.

• Assess the severity and impact the risk.