Ensures risk management efforts are aligned with the organisation's strategic direction and project goals.

Enables the prioritisation of risks based on their potential impact on business and project objectives, allowing for focused risk mitigation efforts.

Enhances communication with stakeholders by explicitly demonstrating how risks can affect the organisation's ability to meet its goals and fostering trust.

Facilitates the development of effective risk mitigation plans specific to the identified risks that could jeopardise project objectives.

Provides a basis for measuring project performance and evaluating the effectiveness of risk management strategies in relation to project objectives.

Maintains a clear focus on achieving project objectives by understanding and addressing risks that could potentially impact project success.

Provides decision-makers with a clearer understanding of the potential consequences and trade-offs associated with different choices, facilitating informed decision-making.

Supports informed decision-making throughout the business and project lifecycle by evaluating risks and their potential impact on objectives.

Enhances stakeholder engagement by involving them in discussions about risk tolerance, mitigation strategies and project trade-offs, fostering collaboration and trust.

Supports efficient allocation of resources by directing them towards managing the most critical risks that can impact business and project objectives.

Allows for the monitoring of progress and evaluation of the effectiveness of risk management activities in relation to business and project objectives, facilitating performance optimisation.