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Every
organization can substantially reduce their level of risk using the
risk management strategies I have developed and successfully used over
the years for my clients.
It is
very difficult to reduce the risks facing your organization without an
understanding of risk management techniques. To seriously reduce
risk you need guidance from a qualified risk management
professional. Anyone can read a book, attend a course or surf the
internet. Would you trust someone who has only read a book on surgery
to treat you? You cannot expect to read a risk management text and
know everything you need to know to protecting your organization,
either.
Books,
websites and all other forms of resource materials are valuable and
important. But no media can take the place of extensive training and
experience in dealing with risk.
Minimizing risk while maximizing opportunity
requires the ability to understand the concepts of risk-taking (as
opposed to risk avoidance), to identify opportunities that can be
achieved and to communicate effectively. You need to address risks as
wide-ranging as protecting the organization’s mission and reputation,
its employees and tangible assets while maximizing use of its time,
money and skills.
Does your
risk management approach cover your operation from ‘cradle to
grave’? If not, how can you be sure you have actually captured the
underlying cause of the risk? You may spend precious resources
creating a terrific bandage – without actually treating the underlying
disease.
I can
help you undertake a review of a risk, or multiple risks, that are
causing you difficulty. I will help you design successful solution in
the least amount of time - and as inexpensively as - possible.
At the Beginning:
·
identify the risk
·
define your risk
·
determine your resources – time, personnel, data, money
Some
people who provide risk management consulting have never actually
practiced risk management in a corporation. That is not true of me. I
have many thousands of hours dealing with a wide variety of risks from
trivial to complex. I know that there are many ways to deal with risks
- some conventional, some not. But every one of my recommendations
will reduce the level of risk that we started with.
Cost? It
depends on the methodologies used. Cost can be determined once we
discuss the risk you need to solve, how long the project will take and
the amount of resources we both need to commit.
Cost Recovery
How long
will it take you to recover your investment in the project? There is
no simple answer to this question. It can be difficult to directly
link costs to risk management savings. You can compare statistics on
loss frequency, loss costs, etc. Sometimes, insurance premiums will
also reduce over the long term as claims costs reduce.
It is
difficult to asses how much is saved on:
·
Claims that don’t happen,
·
Complaints that are not received,
·
Negative media attention that doesn’t occur,
·
Improved worker morale,
·
Reduced time and effort managing contractors or staff, and
·
In attracting new customers due to a good (or improved) reputation
for delivering high quality products and services.
Are We
Suited to Work Together?
Early on,
we need to determine if we can work together effectively and
efficiently. The consultant-client relationship rests on mutual
respect and appreciation for each other’s skill, knowledge and
integrity. We need to consider:
-
Is your project realistic? If we do not think we
can come to a solution for treating your risk with the resources we
both need to commit – we need to make that decision right away.
-
Are you motivated to achieving a successful
outcome? I can point out the risks in your operations and suggest
techniques to resolve concerns. I can provide training on strategies
and approaches. But I cannot implement the changes.
-
And finally – how well do we communicate?
Stumbling blocks often come from lack of clarity in defining desired
outcomes.
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