What aspect of risk management does Open FAIR emphasize the importance of?

Open FAIR emphasizes the importance of holistic integration with business objectives in risk management. This approach recognizes that risk management is not an isolated function but should be aligned with an organization's overall goals and strategies. By integrating risk management with business objectives, organizations can make more informed decisions that balance risk with strategic initiatives, ensuring that risk considerations support rather than hinder the achievement of business outcomes.

This alignment helps organizations to prioritize and allocate resources effectively, address vulnerabilities that may impact their objectives, and foster a proactive risk culture. By viewing risk through the lens of business objectives, organizations can more effectively communicate risk-related issues to stakeholders and ensure that risk management practices are relevant and actionable in the context of the organization’s mission and goals.