Applying SMART, PESTEL and SWOT to Manage Risk

By a combination of SMART, PESTEL and SWOT techniques, we can gain a better understanding of our external and internal environment and develop a more effective plan to better prevent chaos from happening to us through the gradual implementation of these techniques in risk control processes. In the likelihood of a threat, one can be better prepared to manage risks by setting out plans to either avoid, reduce, Transfer, Share, or accept the Risks.