The Primary Goal of a Corporate Risk Management Program

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Risk management's primary goal is to ensure an organization maintains the ability to achieve its objectives.

Protecting IT assets is one possible goal as well as ensuring infrastructure and systems availability.

However, these should be put in the perspective of achieving an organization's objectives.

Preventive controls are not always possible or necessary; risk management will address issues with an appropriate mix of preventive and corrective controls.

The PRIMARY goal of a corporate risk management program is to ensure that an organization's stated objectives are achievable.

Corporate risk management is the process of identifying, assessing, and prioritizing risks to an organization and implementing strategies to mitigate or manage those risks. It is a critical component of an organization's overall business strategy and helps to ensure that the organization can achieve its objectives.

In order to achieve its objectives, an organization must first identify and understand the risks that it faces. This includes identifying the potential threats to its assets, operations, and reputation, as well as the potential impact that these threats could have on the organization. Once these risks have been identified, the organization can then assess them to determine their likelihood and potential impact.

Based on this assessment, the organization can then prioritize the risks and develop strategies to manage or mitigate them. These strategies may include preventive controls, such as firewalls and access controls, as well as contingency plans, such as disaster recovery and business continuity plans.

Ultimately, the goal of a corporate risk management program is to ensure that an organization's stated objectives are achievable. By identifying and managing risks, the organization can better protect its assets, operations, and reputation, and ensure that it can continue to operate effectively even in the face of potential threats and challenges.