Spinning the wheel of risk

Spinning the wheel of risk

Perrin Carey

2 June 2020, 09:00:00

If risk management is a cycle, that needs to spin, then we need to be certain that we are feeding the wheel.

If risk management is a cycle, that needs to spin, then we need to be certain that we are feeding the wheel.

We know risk management is a cycle, a constantly revolving circle that never stops.

Why then do we not keep feeding it?

Picture the mill, the water wheel as our risk process.

It’s a cycle that in order to revolve needs sustenance, it needs the source of a water to spin.

Not only that, think of its purpose, its function - To produce power and turn the millstone.

Risk management's purpose is to allow us to embrace opportunity and sustain our businesses.

If we want something useful, informative, valid from our risk management?

We need to feed it.