Positive Risk

It seems to be fashionable for risk specialists of all creeds to strive to become yes people rather than the 'No Obstruction Control Hurdle' everyone in a business generally detests. Yet, to truly embrace the innovation potential withing risk management is going to require risk managers to chase the positive aspects of risk.

Risk managers will need to explore the optionality in a risk before risk management can evolve into a yes sport as opposed to the party pooper it often ends up being.

The why in Inherent Risk

About a year ago I wrote an article on inherent risk versus residual risk and what the differences actually are. That preamble of a posting can be found here [LINK] but in this update we are going to look at why it is important to understand and then dimension inherent risk.