Risk Management

Risk management processes are among the more commonly used, but frequently misunderstood management processes. We think this is the prevalent business mindset because there is not a universally accepted definition of 'risk,' and because there are many risk management process templates that reduce risk reviews and risk management to pro forma exercises.

We believe that risk identification, risk acceptance, and risk mitigation are critical parts of the larger framework of managerial decision-making, whether or not a formal Enterprise Risk Management (ERM) approach is used, or a discreet project risk assessment and action plan are developed.

Risk assessments are intended to inform decision-making and are not wholly dispositive decision-making processes. Management decisions require analyses of the negative impacts (usually associated with risk) and potential benefits before taking or forestalling action.

Recognizing the differences in risk management approaches, depending upon the industry and your preferred approaches, Paladin Partners will work with your management to ensure that risk management results are actionable and appropriately used in your organizational setting.