How can you use a consulting framework to improve risk management? - Mitigate the risks

To effectively mitigate risks, it's crucial to first thoroughly assess them, understanding the potential impact on your project or business. Once identified, develop strategies tailored to reducing, transferring, avoiding, or exploiting these risks. Consider experimenting with pilots or prototypes and utilize feedback loops for refinement. Employ frameworks like SMART for goal-oriented solutions, RAPID for clear decision-making processes, and STAR for evaluating actions and results. This systematic approach ensures not only the minimization of potential losses but also leverages risks as opportunities for growth.