[Verse 1] Every business faces dangers lurking in the shadows From the market shifts to cyber threats that nobody foresaw We need a systematic method to identify what's coming Risk identification starts with asking what could go wrong Map your processes and stakeholders, look at every angle Internal threats and external forces, nothing left to chance Brainstorm sessions with your team will help you see the blind spots Document everything you find before the risks advance [Chorus] I-D-E-N-T-I-F-Y, find the risks before they multiply A-S-S-E-S-S the likelihood and impact on your enterprise Risk register keeps track of all the dangers that you face Assessment matrix shows you where to focus time and space Qualitative or quantitative, measure what you find Risk identification and assessment, peace of corporate mind [Verse 2] Now you've got your list of risks, it's time to analyze Probability and consequence, that's how we prioritize Qualitative uses ratings like high, medium, and low While quantitative gives you numbers, dollar amounts that show Build your assessment matrix with impact on the side And likelihood across the top, let data be your guide Red zone means immediate action, yellow means you plan Green zone you can monitor, resources help you understand [Chorus] I-D-E-N-T-I-F-Y, find the risks before they multiply A-S-S-E-S-S the likelihood and impact on your enterprise Risk register keeps track of all the dangers that you face Assessment matrix shows you where to focus time and space Qualitative or quantitative, measure what you find Risk identification and assessment, peace of corporate mind [Bridge] Strategic risks affect your mission Operational risks disrupt the flow Financial risks impact your margins Compliance risks, the law must know Reputational risks can sink your brand Technology risks crash your systems down Regular updates keep you current Risk assessment year around [Chorus] I-D-E-N-T-I-F-Y, find the risks before they multiply A-S-S-E-S-S the likelihood and impact on your enterprise Risk register keeps track of all the dangers that you face Assessment matrix shows you where to focus time and space Qualitative or quantitative, measure what you find Risk identification and assessment, peace of corporate mind [Outro] From the boardroom to the warehouse floor Risk assessment opens every door To better decisions and safer ground That's how success in business is found
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