Risk Management

Many companies employ a “top down” approach to risk management, but at the enterprise level do not adequately understand the underlying operational risks
This approach can lead to an over-insured and under-mitigated risk profile
However, once operational risks are known and appropriate mitigations underway, residual risks may be pooled for treatment
The most common residual risk treatment may include risk-sharing with Customers and Suppliers or insurance
This top-down + bottom-up approach provides a balanced and prioritized risk management program that may be part of the strategic planning process
As part of the strategic planning process, and with a business case for each project, you may invest with conviction