Risk management basically means to assess, analyze and control any possible threats and mishappenings to a business organization. Risk management in a planned manner can prove as a big advantage to your company. Here's why you need risk management programs in your organization- Planning for Success Risk management is a part of your plan to achieve goals and overcome challenges. A planned route can be followed smoothly if risk management services readily available to an organization. It helps you to identify the risks involved with each action being taken. A low-risk event will have less impact on cost, schedules, and performances whereas a high-risk event will demand more protection and precaution due to a high probability of financial damage, performance deterioration, etc. Maximize Results and Meet Deadlines To avoid risks, the project managers always try to complete the given tasks in a given period of time. One simple logic to understand is that l