Thursday, November 15, 2007

Risk Management, er...., what...?

Every time I come across the expression “Risk Management”, I crack up.

To me “Risk is Risk” – there’s no fuckin’ managing it. Either you take risk or you don’t. You can have a string of controls, accountability and reporting protocols. You can deploy whistle-blowers. But that’s not risk management. Risk begins where all control ends. It’s in the unknown where Risk lay. All you know is that the cookie can crumble either way and you can't do a thing about it.

So I go if you think you can control the unknown, you can say you are managing risk. But that leads to another question – if you can control the unknown, where’s the risk?

What got me started…? This.

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