​​​​​​​​​​​​​​​​​ ​THE BOURNE FIRM

​​​​​​​​​​​​​​Experienced on-demand general counsel for small to mid-sized companies not yet ready for full-time general counsel. 

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Contact  : jon@thebournefirm.com  (  303.765.2436
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​​​​​Seven key actions for risk management. 
Risk management can be quite complex. The basics, however, are not. Here are seven key components: 
  • Recite the risks. Identify the significant risks confronting your business.
  • Consider the glass half empty. What's the worst could happen? This is question number one you should answer about each risk. It is magnitude. 
  • C'mon, what's the chance. What's the chance that the worst will happen?  This is the second question to resolve regarding each risk. It is likelihood.
  • Rank 'em. Based on the answers to these questions, place the risks in order of importance. This will help you determine where to focus.

  • What could be done; what will be done. Determine what could be done to reduce the risk. Then decide what will be done based on the resources you have.

  • What's the deadline. Specify when what will be done will be done. A deadline facilitates further focus.

  • Who's doing it. Assign clear responsibility. Avoid miscommunication. Improve results.

RISK MANAGEMENT.
THE BOURNE BRIEFS.
THE BOURNE FIRM.