Risk assessment is task of visionary and analyst having ample experience in different domains and carrying the wide base of the current changes in the business and process patterns.
Also, risk is something which is always unexpected, but it can be minimized by way of capturing the early signals by help of Consultants who sets the system incorporating various alerts in the projects at each stage which shall have debatable but concrete path diversions, which gives CEOs an opportunity for compliances check and go for the decisions wherein the next step shall have worst impact if the defined step does not comply with the set of rules and regulations.
Most of the cases Risk assessments are reluctant processes by the in-house management, but it is extremely important for the Top management to adhere the step wise processes to get result without any hurdles and helping their own company to get good ‘Brand’.
People mix the Compliance department of the company and Risk assessment as one, but these are different in nature. Risk assessment conducted by Strategist with the basis of the points defined by Compliance department.