Risk Management Whitepaper
Stimulating Innovation with Risk Management
By Melvin Millard
In a highly competitive global market, size and reputation alone are not enough to succeed. Organisations need to recognise that however good they are, however desirable their products or services, a competitor will challenge their position with a more desirable product or service. Lack of innovation is not an option; it is a risk as great as any risk in the organisation’s risk register. It is time for the risk manager to show his/her true colours, manage the innovation risk and become the champion of change.
Within this White Paper, we explore how effective risk management can have a positive impact on innovation as well as introduce the PRINCE2 methodology.