Risk management improve the quality of project management practices and governance from the decision to invest to final delivery of project outcomes. Risk management promotes dialog between all stakeholders and sponsors and supports realistic approaches, plans, and project estimates.
- Establish credible capital and liquidity plans
- Put in place robust funding arrangements
- Plan for stress events, and provide for their own winding up if their contingency actions fail
- Demonstrate strong risk management across the entire spectrum of risks facing their business
- Put in place structures to hold individual managers to account for failures
- Meet other relevant structural reform requirements imposed by regulators
- Implement new accounting rules and comply with ever increasing regulatory reporting demands
- Ensure finance functions are fit for purpose, and are driving optimal cost structures across the firm.