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Making a Business Case to Invest More Resources in Risk Management

With constant changes in the economy it is often times hard to make a business case to invest more resources into risk management.

Technology firms often ask hard questions about ROI and steps to measure the results in risk management efforts.

While there is no one way to measure risk management results, you can do the following:

  • Take steps to identify a list of costs that you’d like to avoid.
  • Develop a list of costs that you’d like to improve, sharpen.
  • Develop a list of areas that your business could pursue if the risks were reduced.

These three basic steps can help you develop a business case to invest more resources into risk management. An effective risk management program should enable leaders to take advantage of opportunities in the marketplace.

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

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