We can say in conclusion that, like any other control,
proper and timely Risk Management control can provide enormous advantages to an
organization by cutting down on costs and ensuring proper delivery as per
schedule. At the very onset there has to be a budget and time set-aside for
this. It is often a major expense for the performing organization, so clear
understanding of the return on investment must be declared and this is possible
through a well understood, planned, and structured process. Systems are
becoming more complex and today's judgment, thorough knowledge, expertise and
experience shall not always suffice, but a systematic approach with different
methodologies is the approach to mitigate risks.