What is the outcome of good risk management practices?

Good risk management practices are crucial for organizations as they help identify, assess, and prioritize risks followed by coordinated efforts to minimize, control, and monitor the probability or impact of unfortunate events. When an agency implements effective risk management, it enhances its ability to meet its objectives.

By systematically addressing potential risks, the agency can allocate resources more efficiently, make informed decisions, and develop strategies that align with its predefined goals. This proactive approach allows the agency to navigate challenges more effectively, thus increasing overall operational effectiveness and performance. As a result, the agency can achieve its objectives within a framework of heightened control and stability, leading to better outcomes.

The other options do not reflect the positive impacts of strong risk management. Increased uncertainty, higher employee turnover, and less focus on agency goals are typically associated with poor risk management practices, where unmanaged risks can derail efforts and diminish the agency's ability to perform effectively.