Planning for Risk
September 30th, 2025
If you accept risk management as a way of running a firm, it will help you to prevent or control the impact of situations that could arise. Consider the benefits of hiring quality staff, ensuring that they are trained and supervised properly (including systems and procedures), assigning tasks within capabilities, assessing quality risks regularly. Consider also current technology, insurance coverages, legal and regulatory requirements and your fee base. Now compare this to your system of quality management and notice the similarities.