How Effective is Your Risk Management Program?
Many design firms attend risk management training sessions and implement certain practices based on an industry trend or project claim. Other firms may only concentrate on contracts and insurance coverage’s as a risk management strategy, which only addresses a portion of an effective risk management program. As they say – “you cannot manage something that is not measured.” With that said, the first question should be:
How effective is your risk management program?
An excellent method in answering that question is determining a design firms risk profile.