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Risk assessment provides a mechanism for identifying possible risks and opportunities which represent potential pitfalls that could affect the achievement of organizational objectives, positively or negatively. While organizations have been conducting risk assessments for years, many still find it difficult to remove their real value. The linkage of risk assessment to drivers of shareholder value and key objectives has sometimes been lost. A large amount of the manufacturing industries in Bangladesh don’t follow correct procedure to assess the potential risk. Most time they fail to identify the potential risk as well as their qualitative or quantitative analysis. As a result organization has been failed to meet its objectives within due time and it causes of losing big amount of money. So it is important factor to identify the potential risk in the industry and assess their real value to avoid any unexpected event and to take necessary steps against the potential risk that can hamper to achieve organization’s objectives.
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