Member-only story
The Risk Chain | Manage your risk through assessment.
At the onset of a shock (en gratis… Disaster, crisis, loss, attack, or surprise) happens risk management specialists automatically go into management mode with a system called “The Risk Chain.” This system of protocols used to assess, mitigate, and respond to risky, or dangerous, situations. The problem with risk is that it’s often misunderstood as a tool to create a sense of scandal, like a newspaper that can write propaganda.
Risk is the term used in Development (Both Public Private Partnership [PPP], and Limited Liability Corporations [LLC, or Corporate Partnership]) to decide worthiness, or value. The management of risk is a system evolved through practices to assess, mitigate and respond to the shocks a project as it goes through the phases of its life. The same “Risk Chain” mentioned before has its merit in community renovation. Any renovation to a community has to meet certain criteria:
A. Appearance — pleasing to the surrounding eye.
B. Functionality — serve the purpose that it promises.
C. Manageability — simple and efficiently maintained.
Development projects, specifically, apply security and functional risk chain protocols to conduct an awareness check. Through native precepts, a sort of built-in notification system is created. So, now, when…
