Article
Collaborative risk management
Someone in management ultimately has to decide whether risk can be assumed in the face of inherently uncertain risk assessment.
I have a confession. Figuring out how I (as an attorney) fit into the risk management framework has been a slow, evolutionary process. Sure, I read the Committee on Sponsoring Organizations’ (COSO) Enterprise Risk Management – Integrated Framework (2004). And a few years back, I took NIGP’s course on Risk Management in Public Contracting that uses a similar framework for managing risk. Identify risk. Assess risk. Handle or treat risk. Monitor risk. I had difficulty...
