Knowledge Management IS Risk Management

KMRM (Knowledge Management • Risk Management) Consulting, LLC takes seriously the notion of RISK as it relates to knowledge management and the likelihood that a company's intellectual assets have not been captured and may be lost.

Knowledge loss could occur for any number of reasons: retirement, layoffs, knowledge hoarding, lack of value awareness, and the like. According to The McKinsey Quartlery: "Risk doesn’t mean danger—it just means not knowing what the future holds. That insight resides at the core of risk management for companies, whether in managing the potential downside of an investment or putting a value on the option of waiting when making irreversible decisions. In this video Peter L. Bernstein also explains why in the real world the most sophisticated mathematical models can sometimes fail." Mr. Bernstein, the celebrated author of Against the Gods: The Remarkable Story of Risk, died June 5, 2009, at the age of 90.