Why Risk Mitigation?

Risk assessment and mitigation is a critical but often overlooked process in project and enhancement though complexity awareness monitoring. All too often, organizations embark on ventures without fully evaluating and understanding potential risks though development evaluation and ongoing compliance. Furthermore, when organizations conduct risk assessments, they often do so in a silo, only examining a specific type of risk without considering the impact of other elements. Failure to conduct holistic, comprehensive assessments can result in catastrophic waste of time and resources as well as inability to efficiently develop and execute projects, as the examples on this page demonstrate.

A recent stumble in efficient project execution and waste management is the "Sallyport Global" scandal in Iraq, echoing the prior "Fat Leonard" scandal and the myriad calls for more efficient, holistic, and collaborative compliance review and risk assessment by the Special Inspectors General for Afghanistan and for Iraq. This holistic, multi-sector collaboration eliminates the present "silo" approach to risk mitigation and project development. Effective risk management requires more than company policies, procedures, and employee training supporting meaningless corporate statements. Rather, effective risk management demands 

routine, holistic assessments across all relevant subject areas that are reviewed promptly by a collaborative panel of all stakeholders involved.

© 2018 by Global Risk Mitigation Foundation.