Resource Management Risk

Resource Management Risk - The threats and opportunities associated with the availability and level of resources of an organization to deliver on its mandate, as well as the organization's management of these resources. This risk can arise from an organization's inefficient or ineffective allocation and utilization of its available resources, such as personnel, capital, or physical assets. This can result from poor planning, misaligned priorities, or inadequate controls, potentially leading to operational inefficiencies, increased costs, or unmet objectives, ultimately impacting the organization's overall performance and sustainability

Class Information

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Identification

Label (rdfs)
Resource Management Risk
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Definition and Examples

Definition
The threats and opportunities associated with the availability and level of resources of an organization to deliver on its mandate, as well as the organization's management of these resources. This risk can arise from an organization's inefficient or ineffective allocation and utilization of its available resources, such as personnel, capital, or physical assets. This can result from poor planning, misaligned priorities, or inadequate controls, potentially leading to operational inefficiencies, increased costs, or unmet objectives, ultimately impacting the organization's overall performance and sustainability
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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Additional Information

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Deprecated
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