Page 25 - Inegrated Annual Report 2020-Eng
P. 25

Risk Management




        Our desire to maintain high standards and improve wherever possible triggers each one to be developed
        according to ‘risk and opportunity’ based thinking at every level within the organisation..

        The rapid pace of change, technological, removal of trade barriers, expanding customers’ base and
        mergers and consolidations have led to Operational risks increment.

        Starting with NMDC management’s approach for forward-thinking. Risks and opportunities management
        has become a primary part of NMDC operations and is particularly cascaded to supporting departments,
        purchasing, commercial, and others.

        Operational risks and opportunities study starts during initial project study phase, mentored and
        mitigations assessed during project execution.

        Every department head has identified risks in his area and on continues review for the effectiveness of
        actions taken to address risks and opportunities.






















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