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- Monitor risks from all sources for the purpose of increasing the organization’s short and long term value to its stakeholders.
- Ensures that risks are uncovered and properly managed.
- Reduce impact of negative risks and to increase the impact of opportunities.
- Provide a tool for reporting risk to senior managements as well as the project sponsor and team.
- Develop risk infrastructure to respond to the firm’s current and targeted future risk profile and its business and risk.
- Review risk appetite tools for effective decision-making and project performance management.
- Identify, assess and manage the riskin the organization’s business strategy including taking swift action when risks are realized.