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.
