RISK MANAGEMENT CONCEPT AND ITS EFFECTIVENESS FOR A MILITARY ORGANIZATION
RISK MANAGEMENT CONCEPT AND ITS EFFECTIVENESS FOR A MILITARY ORGANIZATION

Summary/Abstract: Risk evaluation and its mitigation is very important aspect in resources management. It is more significant in Military environment due to scarce resources and less reaction time for switching over to new substitutes. Successful planning invariably includes strong risk management strategies. In Military set ups, precise and accurate decisions are mandatory because failure of campaign may cause vulnerable and even unrecoverable losses to nation and country. Leadership is not about glorious crowning acts rather it’s about making right decisions, keeping all anticipated risks in view, especially when stakes are high and consequences really matter. Caring risks means guarding objectives, sailing smoothly with and through challenging obstacles and most significantly, projecting Military organization with safety, as its cultural asset. The aim is to help commanders to accurately assess risks in Military environment in an incremental and comprehensive way. c 2018. Created by Wing Commander Aurangzeb Sipra. Peer-review under responsibility of the DRESMARA, Brasov (Romania). Keywords: Mitigation, successful planning, accurate decisions, unrecoverable losses, consequences, challenging obstacles, cultural asset.

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