Risk Management has become an important ingredient for success in slowdown situations. The presentation talks about different questions that needs to be discussed for development of risk management
2. Abstract
Economic lockdown brings the economy in
standstill which is dangerous for any type of
economy – developed or developing. However
there are windows of opportunity that needs
to be scanned for future development
3. Questions to be raised
The followings questions needs to be scanned
for getting the answers of development.
• Whether the problem was projected ?
• Were the stakeholders prepared for the
worse ?
• Where was the gap in solutions ?
• Was there any Plan A, B or C ?
• Where is the scope of development ?
• What is the speed of communication with
task force ?
4. Real time answers
A team needs to find the qualitative/
quantitative answers to the questions raised in
the economic shocks.
5. Questions of opportunities
• How to improve the speed of response to
the problem ?
• How much investment is needed for
upgrading the risk management ?
• How much time is required for development
of Plan A, B or C ?
• How much Human Resource required for
managing the work ?
6. Solution
The answers to the opportunity questions will
create a roadmap for the preparation for
managing risk in economic slowdown