Description
The risk analysis process aims to identify potential risks, assess their impact and likelihood, and develop effective mitigation strategies. By systematically evaluating both internal and external threats, organizations can prioritize risks based on their severity and probability. This process enhances decision-making by providing data-driven insights, enabling businesses to allocate resources efficiently while minimizing potential losses. Additionally, risk analysis plays a crucial role in ensuring business continuity by preparing organizations to handle uncertainties without significant disruptions. Ultimately, it helps improve resilience, safeguard assets, and support long-term stability.
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