Back to basics: Risk
13 September 2012
Risk can never be eliminated from business, but it can be identified and controlled. In the last of a six-part series on contracting, ADR’s Peter Hunt explains how
Y2K. That little phrase, which became synonymous with fear and uncertainty, illustrates perfectly how society, and more particularly business, responds to risk. It is important to recognise that uncertainty can never be eliminated completely from transactions and, given that, it is worth considering how we can manage and understand it better from a procurement...