Breaking the Mindset That Risk Management Is Insurance
Breaking the Mindset That Risk Management Is Insurance
Foundations
In the world of F-22 Raptor flight test engineering where I came from, failure was not an option and neither was insurance.
Business is about taking risks, not being stifled by risk management practices that don’t work and are often the result of academic exercises instead of practical, real-world experience. It’s about rapidly identifying critical and strategic risks and then addressing them with the best and most effective countermeasures that will enable your core business to grow, your ideas to flourish, and your objectives to be achieved. Risk management should support the business; yet, all too often it only “checks a box” and even slows progress.
At The Feagin Company , we excel at sustainable, integrated, and effective business management processes that help businesses run faster, better, and at lower costs. Your objectives are important to us and we look forward to celebrating your success by enabling decision making capabilities and processes that support the “upside” of intelligent risk-taking and the achievement of opportunities.
Our Team
Solving critical enterprise problems with sustainable solutions
This is what we excel at…
Assurance and Capability Assessments
Risk Identification and Prioritization
Establishing a relevant risk profile starts with
Strategy Development & Implementation
Augmentation
Reducing overhead is critical to protecting profits and margins; thus, not every company can afford to employ a qualified full-time risk manager. Our outsourcing capabilites utilize senior-level individuals that are highly competent and capable of delivering results in-person or virtually based on organizational needs.
Recent Posts
Supply Chain Risk management
CASE #1: A Fortune 500 manufacturing company’s vendor management and procurement organizations were struggling to manage risks effectively. On one large government contract, the company started experiencing significant financial withholds and penalties. To solve these...
Project Risk Management
CASE #1: An industrial gear manufacturer was attempting a second deployment of an ERP solution after failing on their first attempt with losses exceeding $10MM. Root-cause analysis of the previous loss was conducted and highlighted a lack of risk controls and project...
Mergers & Acquisitions
CASE #1: After a multi-billion-dollar privately held company had an unexpected spend of $100MM following a strategic acquisition, they sought better understanding of what went wrong. Using interviews, process analysis, and cause-effect analysis, key insights were...
The Feagin Company
Headquartered in Atlanta, Georgia, we are recognized for our ability to help companies solve critical enterprise business problems with practical and sustainable solutions. Through our techniques, methods, and processes, we often see companies thrive in areas where they are experiencing difficulties, losses, and even systemic failures. All of our consultants are experienced professionals with senior level experience.