Real-Time Risk Assessment and Mitigation Framework
Why? In volatile markets, traditional risk assessments might be too rigid or outdated. A real-time risk assessment framework can make your organization more agile. It combines quantitative metrics like Key Risk Indicators (KRIs) with qualitative insights to continually evaluate threats.
Example: Firms like Rolls-Royce have leveraged real-time risk monitoring to quickly adjust their supply chain strategies during geopolitical tensions.
According to Gartner, organizations with real-time risk assessments are 3.5 times more likely to manage crises effectively.
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