Risk management is the recognition, assessment and control of uncertainties that may result in cost overruns, schedule delays, performance problems, adverse environmental impacts or other undesirable consequences. The objectives of KORYAK’s risk management methodology includes minimizing exposure to events which could potentially threaten the achievement of project goals and providing a systematic and sustainable approach to identifying and managing risks as well as monitoring and reporting on progress towards eliminating individual risks.

KORYAK recognizes that when clients are not vigilant to current and prospective risks, organizational weaknesses can be exploited, which essentially diverts resources away from the direct satisfaction of project-driven goals. This is why KORYAK attempts to implement its sustainable methodology of identifying, scoring, tracking, eliminating and monitoring risks, and why we have been chosen in the past – for example, to develop a brand new risk management policy for a large health insurance company.