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Should you consider working with Redpoint Risk? Short Answer: Maybe

[Feb 02, 2012]

Why Redpoint Risk?
Why work with Chad Weinman?
Is Redpoint Risk the right firm to assist us with risk management?

Short answer…. Maybe.

Let’s be transparent this is not a sales pitch nor a convincing argument. It is an attempt to be honest and save both of us resources & time. With any problem, there are multiple possible options. We hope to represent one option under consideration.

Now that we have that clear; back to the initial question: Why work with Redpoint Risk?

The true question you need to ask yourself is:
Which of the following approaches is right for you?

Traditional Risk Management Firm
Operates in this order: WHAT -> HOW -> WHY. 
They tell you what they can do for you. 
Then they explain how they can accomplish it.
They then *sometimes* explain why you should do this in the first place. But more often than not this justification is less than desirable: ex. “To meet regulatory requirements.”

vs.

Redpoint Risk
Operates in opposite of this approach:
We start with the real WHY and then the HOW which as an outcome produces the WHAT.

It may seem trivial but in the end WHAT (pun intended) they will accomplish will be significantly different from the WHAT we will end up as a result of our approach, even if it sounds similar. They are driven by the WHAT and that direction is honestly simplier (read as ‘easier’) than ours. Case in point: There are well-established, traditional, and generally accepted qualitative risk frameworks that these firms can help you efficiently adopt. This is HOW they may help you can accomplish your goal.

If your comfortable with the first option, then let me go back to my stated attempt and save us both time and resources. Redpoint Risk is not the best firm for you to work with.

But I am concerned at the end you will little to no additional value from WHAT you were doing before, and you may start questioning WHY you did this in the first place.

Our Approach Our Belief in our order:

WHY: We believe that risk management has one central purpose: making better, well-informed decisions.

HOW: We work with our clients to:
- Educate them on how to consisently define, break-down, and understand risk and its related components
- Show that risk can & should be communicated in the language of business; dollars & cents
- Leverage FAIR to quantitatively measure risks
- Design a Risk program where FAIR aligns with an appropriate risk management framework
- Build credibility when speaking about risk among business leadership by making risk analysis defensible and informative
- Enable an organization’s leadership to see risk as tangible, measureable, and an important component of decisions.

WHAT: By working with Redpoint Risk; we together will design, develop and build an effective and valuable risk management program.

I hope you now understand a little bit more about Redpoint Risk’s approach. If this sounds like the objectives you want to accomplish related to risk within your organization, let’s begin a discussion.