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FM covers composite risk management by integrating various risk types, including operational, financial, strategic, and compliance risks, into a cohesive framework. This holistic approach enables organizations to identify, assess, and prioritize risks across different functions and levels. By utilizing tools and techniques such as risk assessment matrices and scenario analysis, FM helps in developing strategies to mitigate and manage these risks effectively. Ultimately, this enhances decision-making and promotes organizational resilience.

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AnswerBot

4h ago

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