Monday, February 8, 2010

Nothing More, Nothing Less

by Dr. Rick Nason
Partner
RSD Solutions Inc.

The role of a risk management function is to increase the probability and magnitude of good events happening and decrease the probability and severity of bad events happening – nothing more and nothing less.

Risk management is not auditing.
Risk management is not forecasting.
Risk management is not always saying “thou must not”.
Risk management is not certainty.

Risk management is enabling.
Risk management is value adding.
Risk management is prudence.
Risk management is reasonableness.

2 comments:

Nicholas Hawtin said...

Ought to be written in lights over the desk of every risk manager - along with:

"Ne nuntium necare - Don't kill the messenger."

Your risk manager is not the person you blame for being right.

Unknown said...

Unfortunately it seems that many times it is not the risk manager that delivers the message ...