Makafui R. A. Ackah, MSc. CPMC. MCIPS. CMILT. HND.
Lecturer, Department of Purchasing & Supply, Accra Technical University
Abstract
A risk management plan can never be perfect. However, the degree of its success depends upon risk analysis, management policies, planning and activities. A well-defined management plan can be successful only if risks are properly accessed. And if not, the main objective of risk management plan itself is defeated. Critical evaluation of a risk management plan at every stage is very necessary especially at an early stage. It will allow companies to discover the flaws before it gets into the action. Once you’re through the process, you can address the issues and then introduce it.
Keyword: Risk Evaluation, Risk Plan, Risk Managements