Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like. Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed. The… [Read more…]
December 22, 2010 by David Kohrell
Don’t start from scratch. Reuse and recycle. Learn from others. Those three quick statements for learning apply to risk management. Identifying potential risks, good and bad, can be a cumbersome process. To hasten the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power. Use those… [Read more…]
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December 28, 2010 by David Kohrell
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