[Verse 1] Every organization has a story to tell Of dreams and goals they're chasing well But hidden dangers lurk around Threats that could bring the whole house down From cyber attacks to market shifts Internal fraud through system rifts We need a process tried and true To see these risks before they're through [Chorus] Identify, analyze, respond with care Risk assessment everywhere Map the threats, measure impact Keep your objectives still intact Monitor, review, and then repeat Make your risk management complete I-A-R, the golden key Risk assessment strategy [Verse 2] Start with identifying what could go wrong Brainstorm threats both weak and strong External forces, market trends Internal controls where safety bends Fraud triangle shows the way Pressure, opportunity, rationalization at play When people can and feel they must That's when you lose stakeholder trust [Chorus] Identify, analyze, respond with care Risk assessment everywhere Map the threats, measure impact Keep your objectives still intact Monitor, review, and then repeat Make your risk management complete I-A-R, the golden key Risk assessment strategy [Bridge] Inherent risk is what you face Before controls are put in place Residual risk is what remains After your mitigation reigns Likelihood times impact score Shows which risks to focus more Heat maps paint the picture clear Red zones need attention here [Verse 3] Response strategies come in four Accept, avoid, reduce, or transfer more Insurance shifts the burden away Controls reduce risk day by day Change management shakes the ground New risks emerge when change comes around People, process, technology shifts Require assessment through the drifts [Chorus] Identify, analyze, respond with care Risk assessment everywhere Map the threats, measure impact Keep your objectives still intact Monitor, review, and then repeat Make your risk management complete I-A-R, the golden key Risk assessment strategy [Outro] Risk appetite sets the tone How much risk you call your own Board oversight, management action Risk assessment satisfaction From fraud prevention to strategic planning Risk assessment keeps you spanning All the threats that come your way Protecting value every day
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