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By Markus Möller, Directeur à Kurt Salmon
In many organisations, the risk management and finance functions are part of the same finance department, headed by the same CFO. Risk analysis is seldom linked to a company’s overall planning and budgeting process, toward which risk managers often take a hands-off approach. However, there is a clear trend among large corporations to link the corporate budgeting and planning process more closely to the risk management function.
Common framework
Corporate budgeting and planning and risk management have a lot in common. They both rely on a data-based approach, they both aim to facilitate the decision-making process, they use similar reporting and query tools, and often access the same...
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