Risk & Opportunity Management (ROM)
In differentiation to the regular GRC process the main objective of the ROM process is to identify and assess acute risks and opportunities (so-called event risks and opportunities) at an early stage. Furthermore, it determines measures directed at mitigating risks and realizing opportunities and assesses the consequences of a potential risk acceptance.
Early identification and management of risks and opportunities are of particular importance to ensure that decision makers have enough time to take the corresponding countermeasures.