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Risk Management Solutions

By: Kallman, James | Risk Management, March 2008 | Article details

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Risk Management Solutions


Kallman, James, Risk Management


For many, the purpose of risk management is to help others create value. Some risk managers achieve this goal by purchasing insurance to finance losses; others initiate safety projects to save lives. Both solutions are but a small sample of risk management techniques. In this article, first we examine the set of risk management solutions; second, we review the pure risk management solution of prevention-arguably the most important of all our tools.

A convenient way to see the portfolio of all risk management solutions is to examine the risk management solution tree. This is a visual representation of the options available to create value. The tree also shows how the various …

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