Increased shareholder value is a benefit of risk management because risk management can minimize losses and maximize opportunities.
Lower taxes do not result from risk management, so they cannot be a benefit of risk management.
Cost control is improved as a result of risk management because there are fewer unpleasant surprises and fewer disruptions in the operations of the business.
Contingency planning is the development of a "backup plan," or a plan that enables the organization to respond appropriately to an unplanned event. It is used for emergency response and post-disaster recovery. Contingency planning is particularly important in information systems in order to insure that critical systems resources will be available and operations can continue during an emergency situation. Better contingency planning is a benefit of risk management because risk assessment and risk management enable management to be aware of and prepared for more possible events that could prevent them from achieving their objectives.
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