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How Often Should Risk Assessments Occur?

Some technology companies conduct an annual risk assessment, while others have a more frequent assessment of their organizational risks. We often get the question about the frequency that risk assessments be conducted.

Most of the time, an annual risk assessment is not enough for technology firms. The risks that these organizations face are not “static”, they are “dynamic”. Many of the emerging firms experience a great deal of organizational change in a very short period of time. In addition, our experience has been that more investors and shareholders are asking “what if” questions that relate to risk and opportunity.

A solid, and regular, risk assessment process can help your organization make decisions and become a foundation for building a dynamic risk assessment process in your organization.

For more information about risk assessment for technology firms, please contact a TechAssure member.

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