Fee for Service Risk Management Planning

Successful, progressive organizations are constantly innovating to help them maintain their competitive edge.  These organizations search out new market segments, products, technologies, and people to help them stay ahead of their competitors. All of which can increase or decrease risk.

How do you go about identifying, quantifying, prioritizing and responding to the new, or old, risks that threaten your organization? How do you keep pace with constantly changing labour regulations, legal precedents, supplier expectations, and various other challenges, in Canada, the USA and abroad?

Reliance’s accredited Risk Managers can help you answer these questions and free up your time so that you can continue focusing on innovation and other priorities.

So, if you’re not sure where to begin, need to update your plan, or are lacking a formalized documented system, give us a call. Transfer the worry and work to our risk management experts and let our process make it easier for you to stay focused on other priorities.

After all, a wise person once said that an ounce of prevention is worth a pound of cure.

What exactly is Risk Management?

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures (at any phase in design, development, production, or life-cycle), legal liabilities, credit risk, human error, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. 

It doesn’t have to be complicated, but it does need to reflect the risks exposed to your present day organization in today’s world.