A Study on Performance Analysis of Risk Management in Alpha Automation PVT LTD
Dr. B. Bhavya
Associate professor, School of Management Studies, Sathyabama institute of Science and Technology Chennai, Tamilnadu, South India
Mr. Elaiyarasu.M
Student, School of Management Studies, Sathyabama Institute of Science and Technology Chennai, Tamilnadu, South India
ABSTRACT:
This study intends to evaluate the impact of risk management strategies on overall performance in order to analyze the efficacy of these practices across a selection of organizations. Structured questionnaires were used to gather information from 110 respondents, including project leads, financial analysts, and risk managers. Crucial elements like risk identification, assessment, mitigation, and monitoring were the main highlights. The association between structured risk management practices and organizational outcomes like project success rate, financial stability, and strategic goal achievement was assessed using statistical tools like regression modeling and descriptive analysis.
The findings show that enhanced organizational performance and the adoption of thorough risk management procedures are significantly positively correlated. Better performance indicators were also shown by respondents who reported a higher level of maturity in their risk management practices, indicating that methodical risk planning helps to maximize opportunities and reduce losses. In order to improve risk management performance, this study emphasizes the significance of incorporating risk management into strategic planning and suggests ongoing training, stakeholder involvement, and technology adoption as critical enablers.
KEYWORDS: Risk Management, Technology Adoption, Risk Management Maturity, Strategic Planning, Risk Assessment, Risk Mitigation, and Organizational Performance.
