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By: kathleen murray (capstone brokerage, client advocate) risk management might seem a “boorish” topic the principles and concepts however are essential to the survival of your business and. The importance of a strong risk management plan risk management is a key element for any successful business legal liabilities, credit risk, time risk. Effective risk management underpins successful projects risk management and project management go hand in hand the importance with which you treat risks. 1 bis review 68/2000 laurence h meyer: why risk management is important for global financial institutions speech by mr laurence h meyer, governor of the board of.