Business Risk Management Quotes & Sayings

The situation - having to choose between imposing higher retail prices and reducing investments and military spending - created a dilemma for the government: deciding between conflict with the public or with the Party economic elite. But not making a decision heightened the risk that, as the crisis developed, there would be conflict with both the public and the elite.18 The new generation of leaders clearly did not understand this. The traditional management of the economy was oriented on natural, rather than abstract, parameters. The development of cattle breeding was discussed at the highest level more frequently than the country's budget. Industry and business leaders regarded finances as necessary but dreary bookkeeping.19 In addition, information on the real state of the budget, hard currency reserves, foreign debt, and balance of payments was available only to an extremely narrow circle of people, many of whom understood nothing about it anyway. — Yegor Gaidar

If you've been in the software business for any time at all, you
know that there are certain common problems that plague one
project after another. Missed schedules and creeping requirements
are not things that just happen to you once and then go
away, never to appear again. Rather, they are part of the territory.
We all know that. What's odd is that we don't plan our projects
as if we knew it. Instead, we plan as if our past problems are
locked in the past and will never rear their ugly heads again. Of
course, you know that isn't a reasonable expectation. — Tom DeMarco

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business. — Gary Cohn

For individuals and organizations alike, a reputation is far easier to destroy than it is to build. — Andrew Griffin

1. Project What is the project? Why is it unique? Why is the business needed? Why will customers love your product? 2. Partners Who are you? Who are the partners? What are your educational backgrounds? How much experience do you all have? How are you and your partners qualified to make the project a success? 3. Financing What is the total cost of the project? How much debt and how much equity is there? Are partners investing their own money? What is the investor's return and reward for their risk? What are the tax consequences? Who is your CFO or accounting firm? Who is responsible for investor communications? What is the investor's exit? 4. Management Who is running your company? What is their experience? What is their track record? Have they ever failed? How does their experience relate to your industry? Do you believe this is the strongest management team you can assemble? Can you pitch them with confidence? — Donald J. Trump

Business people need to understand the psychology of risk more than the mathematics of risk. — Paul Gibbons

Reputation is an outcome; but it is also a valuable, strategic asset. — Andrew Griffin

You cannot manage risk, or for that matter, build a risk management capability without first understanding the "business value of risk management. — Pearl Zhu

A study of project and risk management in software projects in the public sector found that an informal partnership between the project's business owner and the project manager was seen by the latter as providing more effective project proprietorship and governance than the project steering committee [1]. This suggests that the application of governance may be more important than its form. This paper, however, focuses only on formal and explicit governance — Anonymous

THE ONLY WAY TO MAKE PROGRESS IN BUSINESS IS THROUGH CHANGE. AND CHANGE, BY DEFINITION, HAS A CERTAIN AMOUNT OF RISK ATTACHED TO IT. BUT IF YOU PICK YOUR SHOTS, USE YOUR HEAD, AND APPLY GOOD MANAGEMENT, THOSE ROLLS OF THE DICE CAN TURN OUT PRETTY — Phil Rosenzweig