Early signals of risk23
Early signals of risk
Early warning systems for business risks
Which early signals could we notice before a small deviation becomes a serious problem?
Delayed payments, a shrinking project reserve and recurring exceptions can indicate a change in risk. A useful system brings them together, determines when a review is needed and identifies who will take the next action. It does not promise to predict every crisis.
An early warning system does not predict the future or replace judgement. It provides time: repeatable models that recognise changes in risk while the freedom to make the right decision still exists.
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