**7. The advantages of implementing integrated risk management**

Integrated risk management has mechanisms to help the recovery of the organization in the situation of work stoppage, major incident or disaster, by maintaining minimum levels of business critical functions.

The main feature of integrated risk management system is that it integrates risk monitoring mechanisms of the functional departments of the organization and its culture, with a focus on the risks associated with strategic objectives. Also, the emphasis is on monitoring and controlling risk, and minimizing it.

Advantages of an integrated risk management can result as follows:


Between components of integrated risk management and objectives of the organization must be a direct relationship. The analysis and risk assessment by following the eight components of integrated risk management, namely internal environment, identification, analysis and risk assessment, risk treatment, risk control, information and communication and monitoring of risks is done for each structure and functional organization for each objective.

By applying this method it is showed that risks are assessed and treated for all purposes of the organization, regardless of their definition (strategic, operational, reporting and compliance) and regardless of the compartment or structure that are defined.

Meanwhile, the integrated risk management process represents an instrument that allows a coordinated approach across the organization to identify and analyze the mechanisms of risk whose initial starting point is the strategic dimension.

Integrated risk management is a powerful tool that enables the management of the organization to have a picture of the risks affecting the achievement of strategic and operational objectives, and provides at the same time, leverage for the foundation and management decision making.

The process of identification, analysis and assessment takes into account the events of the organization, which can take negative shape and are associated with risks or positive shape and are associated with opportunities.
