Pharm-Olam Blog Risk Management: Foundation for Better Project Management | Pharm-Olam

Risk assessments are often an afterthought. A company is required to be audited, and the auditor finds gaps or holes in its processes. That company then scrambles to make corrections. The auditor, as an objective third-party, may see things that the company misses or have seen more cohesive operations elsewhere – but his or her recommendations often come after the damage is done. Risk management resolves this issue by making risk assessments proactively and continuously.