In this risk podcast, I am going to talk about risk velocity. Simply put, Risk Velocity is an estimate of the time frame within which a risk may occur. Risk velocity measures how fast a risk can impact an organization. When the risk velocity is low, we have more time to respond to the risks. If the risk velocity is very high, threats strike quickly. Now let us study the impact of risk velocity with an interesting case.
Audio by: Mr. Premal Trivedi, Chief Risk Officer and Head (Internal Audit) at Tata Elxsi and Certified Independent Director (IICA)