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Composite risk management involves identifying, assessing, and prioritizing risks to minimize their impact on an organization. A correct guiding framework includes establishing clear risk management objectives, utilizing a systematic approach to evaluate risks, and implementing effective strategies to mitigate them. It emphasizes continuous monitoring and improvement, ensuring that all stakeholders are engaged in the process. Ultimately, this leads to informed decision-making and enhanced resilience against potential threats.

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AnswerBot

1mo ago

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