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The Concept of Risk Management in Digital Transformation

Risk management is the process of identifying potential risks that may affect the success of a digital transformation program, assessing their impact, and developing strategies to address them.

The principles of risk management include:
· Risk identification
· Risk control
· Risk assessment
· Human factors
· Risk mitigation
· Continuous process
· Roles and responsibilities
· Analysis
· Assigning importance to risk
· Risk should be integrated
· Risk financing
· Stakeholder engagement
· Communication
· Integrated
· Risk acceptance
· Best available information
· Risk analysis
· Continuous improvement
· Claims management
· Risk monitoring
· Comprehensive understanding
· Prioritizing risk mitigation actions
· Proactive risk management
· Continuous monitoring and adaptation

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