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RISK MANAGEMENT SYSTEMS
The current approach to business requires a risk mitigation plan based on the identification of risk factors that could impact the business. The implementation of a risk management system places the necessary focus on everyone in the organization, towards prevention to mitigate its negative effects.
The methodology followed to implement a risk management system starts from the identification of both inherent and incorporated risk factors and residual risk of the specific economic activity carried out by the company. It also entails the design of the risk matrices with the classification of the level of impact and the assessment of each risk factor. Risk matrices identify those responsible for managing each risk factor and area, thus everyone in the company is empowered and acquires the necessary skills to mitigate the impact of risks by applying the general plan created.
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