Risk-Aware Culture

An organizational environment where employees at all levels understand the importance of risk management, feel responsible for identifying and reporting risks, consider risk implications in their decision-making, and operate within established risk appetite boundaries. In RBPM, a risk-aware culture is complemented by strategic focus to create a "strategy-focused, risk-aware culture" that enables sustainable strategy execution. Cultural factors often determine the success or failure of risk management frameworks regardless of their technical sophistication.