Zero risk is not a deliverable goal. As such, organizations should have processes and tools in place to prioritize and determine which risks to mitigate, and how to mitigate them, to bring risk levels down to what is tolerable to their business. At Devon, we help clients plan and implement methods and options to reduce their exposure to potential risks by lessening or halting the effect of threats they face. This is unique to each company and is much dependent on their risk appetite and resource availability.

Because organizations cannot possibly control all the variables that affect their business environment, they can adopt different risk mitigation strategies that span from avoidance to acceptance with relevant tactics in between.

Even though, no risk mitigation measure is fully bulletproof in today’s unpredictable business environment. Therefore, it is crucial for organizations to be prepared and act flexibly when risk indeed materializes. We support clients in preparing contingency plans if risks turn into issues to avoid impacting their bottom line and to remain ultimately resilient.