"He who picks up one end of the stick, picks up the other."

DIRT'sphilosophy is that of a holistic approach to managing risk, or in other words, not forgetting the other end of the stick.
It is not enough to transfer a portion of an organizations risk and forget about the rest.  An organization that attempts to survive without a risk  management program will eventually find out it's like throwing your hook in the water without bait, you will be fishing on nothing but luck. When implemented properly, a risk management program will increase the organization's short and long term value.

In today’s world, managing risk has become a necessity, not an option.


Initial risk management plans will never be perfect.  Monitoring results is the key to a successful plan.  Experience and actual results will provide information to adjust and update plans to keep up with ever changing issues.

Risk Management Process
  1. Risk Identification 
  2. Measuring loss exposures
  3. Evaluating the different methods for handling risk
    • Risk assumption
    • Risk transfer
    • Risk reduction
  1. Plan and Implement
  2. Monitor results
  3. Repeat Process
A Risk management program should:
  • Create value.
  • Be an integral part of organizational processes.
  • Be capable of continual improvement and enhancement.
  • Be tailored.
  • Be part of decision making.
  • Explicitly address uncertainty.
  • Be systematic and structured.
  • Be based on the best available information.
  • Take into account human factors.
  • Be transparent and inclusive.
  • Be dynamic, and responsive to change.