Risk-Based Business Planning (RBBP) is a business planning process that considers risks and uncertainties in achieving business objectives. RBBP helps companies to:
- Identify and analyze risks associated with business objectives.
- Assess potential impacts of these risks.
- Develop strategies to manage and mitigate risks.
- Integrate risk into business planning processes.
The goal of RBBP is to enhance a company’s ability to navigate uncertainty and achieve business objectives more effectively.
