Risk Identification Process – Burning Challenges

Risk Identification Process – Burning Challenges Risk identification is one of the most important factor which decides the fate of Risk Management in an Enterprise or organization. Some of the key challenges involved are: Broad Statement Risk Some enterprise identify the risks which are too broad in nature. Example includes Risk to Brand reputation Compliance risk (including statutory & regulatory requirements) Fraud Risk (Internal/external fraud) It becomes very difficult to manage these risks even at strategic level Causes as Risk Many enterprise identify the risks that are actually causes and it’s very difficult to manage these risks. The statements that