Failure to consider risk interactions and interconnectedness may pose the greatest threat to a company, according to RIMS new Executive Report.

Authored by RIMS Strategic and Enterprise Risk Management Council members Michael Zuraw and Tom Easthope, the Understanding Interconnected Risks report explores the importance of developing a holistic view of the interconnected risks facing the organisation. The report provides risk professionals with strategies to analyse and assess these risks, including leveraging surveys, modelling, as well as tips to visually present risk relationships to senior leadership to drive a better understanding of the organisation’s complex risk environment.

“Impacts from interconnections are becoming larger, faster and more frequent as globalisation and economic development evolve, the pace of change continues to accelerate and life becomes more digitised,” the report states. “While the importance of interconnected risks may resonate with risk managers, the next challenge lies in how to address them.”

The RIMS report is available exclusively to RIMS members.

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