RISK MANAGEMENT GUIDANCE
A firm’s self-evaluation of potential risks may be difficult to do, but it is an important step in evaluating a project’s potential risk. Declining to provide professional services on a high-profile project with a generous fee because the firm does not have the proper experience or capacity may be difficult. But in the long term, this may be the right decision to mitigate potential risks.
Factors to consider when evaluating your firm include: • your firm’s capacity; and
• your firm’s experience with this project type.
More information on factors to consider when evaluating your firm can be found on page 51 .
38 • From Risk to Profit - Benchmarking and Claims Studies
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