By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
Repost of blog from
January 20, 2010
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.
