Risk management enhancement 

There is scope for risk management scenario and the following are some of the methods suggested:  

Bringing increased awareness of risks:  Improving the awareness of risk and risk management, having a well-documented system, communicating the risk management plan and a continual review would bring all round development 

Reporting: Risk Reporting should be more robust to enable stakeholders to have a good view 

Specialised departments:  Creating specialised departments ensures better monitoring, control and formalisation 

Senior management involvement:  Greater care of senior management through frequent reviews would enhance management of risks. 

Risk alignment: Risk processes must be integrated with not only business functions but also with strategic planning