Tuesday, March 31, 2015

How much of a risk are your risk management practices?

By Stephen McPhie, CA
Partner, RSD Solutions Inc.
Are your risk management procedures out of date before they get implemented?  Many companies seem to spend an inordinate amount of time establishing and documenting their policies and procedures, then canvassing all sorts of staff to identify risks and document how to deal with them.  By the time it is all done, even the amount of paperwork could constitute a fire risk!  But risk is dynamic and ever changing.  Is your approach to risk management dynamic and ever changing too?