Statistic |
Percentage |
Businesses that fail within 5 years due to poor risk management |
60% |
Increase in revenue for companies with effective risk management |
25% |
Reduction in project failure rate with proper risk management |
50% |
As you can see, the stakes are high when it comes to risk management. Businesses that fail to effectively manage risks are putting themselves at a significant disadvantage, while those that prioritize risk management are reaping the rewards in the form of increased revenue and reduced project failure rates.
By earning a Level 6 Award in Risk Management, you will gain a comprehensive understanding of risk management principles and practices. You will learn how to identify and assess risks, develop risk mitigation strategies, and create a culture of risk awareness within your organization. Armed with this knowledge, you will be well-equipped to make informed decisions, seize new opportunities, and drive your organization towards success.
So, what are you waiting for? Take the first step towards unlocking new opportunities and advancing your career by enrolling in a Level 6 Award in Risk Management course today. Your future self will thank you for it.
Source of data: Industry research and studies.