The Roles of Risk Management in Achieving Organization's Goals

The implementation of risk management in an organization is a necessary process of actions and activities carried out continuously in providing adequate assurance in the achievement of organizational goals through effective and efficient activities. The consistent implementation of risk management to the risks that exist in business processes and functions within an organization will make a source of excellence in competing and show the organization’s performance. This study applied the descriptive research method. The data collection technique used was a documentation study in which data were obtained from the eight published articles of research results on risk management. The result shows that implementing risk management in an organization requires several interrelated stages or activities. They are risk identification, risk assessment, and risk mitigation to minimize the risks that may occur in organization activities. The results of this study are useful for an organization to identify risk management mechanisms so that it can develop strategies in risk mitigation, which will serve as guidelines in mitigating and minimizing risk in an organization.