Business Process Risk Management

Business Process Risk Management (BPRM) is the practice of identifying, assessing, and controlling risks that could disrupt an organization's operations. It involves analyzing various processes within a business to foresee potential problems—such as supply chain disruptions, compliance issues, or technology failures—and developing strategies to mitigate these risks. By proactively managing these uncertainties, businesses can protect their assets, ensure smoother operations, and maintain a competitive edge. Ultimately, BPRM helps organizations achieve their goals more effectively while minimizing unexpected setbacks.