AuditBoard launched Scenario Planning, a solution designed to empower executive leaders and risk teams to shift their focus from reactive reporting to proactive anticipation.
“In today’s world, you can’t just report on risks; you have to anticipate what may impact your organization’s goals and objectives,” says Happy Wang, chief product and technology officer at AuditBoard. “Scenario Planning enables enterprises to ensure continuity in operations and improve competitive positioning, reducing bottom-line costs and increasing revenue.”
Key takeaways:
· AuditBoard’s recent Risk intelligence report found 70% of respondents expect to increase risk management staffing over the next two years, and 40% plan to increase cybersecurity staffing.
· Scenario Planning enables risk teams to establish a universe of potential scenarios, accelerating strategic decision-making by modeling the likelihood and impact of risk events.
