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Unmask the Discipline of Risk Management

By brian barrick
February 14, 2012

There is not a specific formula for dealing with risks because the management is based on preparing for uncertain circumstances. Luckily, three strategies have been developed to help keep us on our feet when we are tripping over the idea of how to manage certain risks. The first is to create goals for risk management, so there is a target to aim form. (Ask “why” and “what”?) The second is to develop a committee (“who”?) involving people from all levels of the organization with diverse perspectives. Finally, a risk management plan with goals and objectives should be made.

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