Quote of the Day


by Carl Pritchard
Organizations that perceive [risk] certifications (no matter who's generating them) as an insurance policy or guarantee of risk resolution will be sorely disappointed. But those who are capable of accepting them as a baseline benchmark to determine fluency in the language and understanding of the process will ultimately be satisfied with the outcomes. Risk management has never been about generating magic bullets to resolve the world's ills. And risk certification doesn't put us there, either. But it does draw us closer to an environment where everyone involved can share a better understanding of how to draw organizations closer to that risk-free ideal.

"The Risks of Banking on Risk Certifications"
Enterprise Risk Management & Governance E-Mail Advisor, 21 May 2009


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This article originally was published as part of the Enterprise Risk Management & Governance advisory service. For more information, contact Cutter Consortium at +1 781 641 9876, fax +1 781 648 1950, or e-mail service@cutter.com.

Quote of the Day

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