Risk Management FAQ

What are controllable threats?

United States
Controllable threats are the type that can be mitigated within the context of the impacted strategy. For example, Company A has developed a strategy to use new technology to improve the efficiency of maintaining product inventories. An identified controllable threat is accounting errors due to improper use of the new warehouse tracking software. This is controllable because the strategy can be enhanced during the planning phase to invest a little extra cost and effort to develop additional detailed training for all personnel in the use of the software.