Risk management is often thought of as a specialized task that is the responsibility of a discrete team or individual. It may bring to mind images of actuaries or the compliance team poring over data and crunching numbers.
But in a broader sense, risk management is something all employees need to think about. What is the risk that my project won’t get completed on time? What is the risk I may lose a key staff member this year? What is the risk that this initiative will run over budget?
Here, we discuss a basic risk management strategy that is applicable to any organization and any initiative.
