Getting people interested in the concept of risk management is difficult, partly because it is not seen as a core business and therefore does not get the attention it needs.
While risk management should be a dynamic activity that can respond quickly to changing circumstances, in practice it rarely is.
In its new white paper, The Institute of Internal Auditors – Australia, therefore, examines what could make risk management better and presents the two concepts:
- Traditional Risk Management – building on the knowledge base of risk management using traditional methods, but over-engineered, inert to reaction, and not dynamic.
- Agile Risk Management – introducing new ways of working for risk management professionals to promote engagement and collaboration through the use of dynamic methods.
Download the white paper here.
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