Taking Charge of TCOR: A Sustainable Approach to Gauging Risk Management Success
Total cost of risk (TCOR) is crucial for evaluating and improving upon the effectiveness of an organization’s risk management strategies. But with data living on multiple systems across an organization, calculating it can be a daunting task. With the right RMIS in place, determining TCOR becomes a whole lot simpler.
In this guide, you will learn:
- The benefits and challenges of calculating TCOR
- How the right RMIS can monitor and reduce TCOR
- How to implement a successful cost allocation model
- The importance of streamlining the values collection process