“Risk” Doesn’t Have to Be a Four Letter Word

All organizations experience risk or have felt the effect of risk gone unchecked. Did a project fail, and you didn’t see it coming? Did an important opportunity go unrealized because the proper steps weren’t taken to capitalize on it? Then yes, risk has struck again!

Actively managing risk is the answer. You need to identify it, establish your tolerance, plan for it, and then act on the plan if the risk occurs.

So what is risk? On a global scale, risk can be thought of as any event that will affect the desired outcome of a project, program, organizational goal or other initiative. Risk can manifest itself in two ways: as a threat and as an opportunity. Are you looking out for both?

Read More