Follow-through is a necessary component of any plan. What would happen if you proposed a risk management plan to an organization and none of your mitigation strategies were enacted? The monitoring and optimization of a risk management plan are just as essential to its ultimate success as its formulation. This Discussion will allow you to evaluate different methods of monitoring and controlling risk and to compare their suitability for different fields and projects.
With these thoughts in mind:
Consider an organization where you currently work or for which you have worked or volunteered in the past. Preferably, continue to discuss the organization you have used in prior Discussions.
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Provide a brief, 150-word or less, overview of your organization to reacquaint your colleagues with your workplace. You can include information about the size and industry of the organization, governance structure, and attitudes of its leaders towards risk. Next, discuss your organization’s use and practice of risk monitoring and controlling. Based upon the use and practices that you have shared, What risk management optimization strategies and responses would you have employed within your organization?