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And it is the most significant advantage of a performance management system.
Executive Management has two decision areas like those from other departments, and four compound decision areas that reflect their particular balancing role. The first two are:
A-Risk Management
Are we managing the risks of sustaining this performance?
The Risk Management decision area provides a consolidated view of several categories and hierarchies of risk, such as operational, credit, and market risk. In addition to these, organizations must monitor environmental and natural risks that impact disaster recovery and business continuity for better performance management...
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