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Risk Management Audit-RM
The system also ensures compliance with applicable laws and regulations. Risk management and internal control are designed to determine risks in relation to the achievement of business objectives and to respond appropriately to those risks.
Benefits of Risk Management:
1. It is easier to spot troubled projects.
2. There is less surprise.
3. The data for decision-making is better.
4. Communication is better.
5. Budgets are less dependent on guesswork.
6. There is a clear expectation of success.
7. Teams remain focused
8. Escalations are clearer and easier