In their effort to position and to reposition themselves in the market where they operate, organisations need to exploit opportunities and mitigate the threats that originate from their external environments. This effort however is subject to future uncertainty resulting in potential deviation from expected outcomes. In turn, this uncertainty can be handled by the management of risks. A risk is measured by a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives.
At NTechBiz, we can assist you in the identification, evaluation, and prioritisation of risks. We can also help you to coordinate the application of resources to minimise, monitor, and control the probability or impact of unfortunate events or to maximise the realisation of opportunities.