Building risk awareness into every project
Victor’s risk management matrix, a four-part framework for identifying, assessing, responding to, and controlling project risk, is another tool that brokers and underwriters can use together. “When brokers talk with clients or prospects, they can use it to ask what risks are inherent in a project, in this place, at this time,” Musica says. “The more you understand about the client and their goals up front, the better off you are.”