Abstract:
In today’s competitive world has made organizations consider effective risk management and
budgetary allocation for long-term success and stability. Designed in a web application, it takes
through the definition of business objectives, carrying out the process of risk assessment, and then
linking the mitigation of the determined risks with budgeting, drawing all this from conventional
methodologies and scientific approaches. This application builds on business risk management
principles with a view to improving the understanding of possible risks and their effect. This paper
is based on the aim to afford organizations a cohesive platform merging risk management and
budgetary control while making informed choices, enabling decisions based on data, and
producing an efficient budget.
