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The chapter focuses on the importance of continuous improvement in risk management processes, particularly in the rapidly evolving landscape of IT sourcing. It emphasizes the necessity of periodic reviews to assess the effectiveness of current practices, identify improvement areas, and implement necessary enhancements. The chapter also underscores the need for organizations to remain informed about emerging risks and industry trends, maintain agility, adopt best practices, and foster active collaboration with vendors and partners. By regularly updating risk management processes, organizations can better safeguard their IT investments and ensure their sourcing initiatives’ long-term success.