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jacob szafranski replied to Annus uddin Khan's discussion Difference between Elimination and Substitution in Risk reduction..
"Nagesh, well put. You hit the nail on the head. It is not a matter of substitution or elimination, as you said its management. If you are not prepared to take risk, you should not play."
Dec 21, 2010
jacob szafranski replied to Annus uddin Khan's discussion Difference between Elimination and Substitution in Risk reduction..
"Nagesh Bharadwaj said:
There is nothing called "Risk Elimination".  Any risk management practioner will tell you that Risk cannot be eliminated.  As a matter of opinion, risk need not be eliminated.  If there were no risk in an activity then the…"
Dec 21, 2010
jacob szafranski replied to Annus uddin Khan's discussion Difference between Elimination and Substitution in Risk reduction..
"Substitution is the simpler of the two. Instead of taking the risk of your direct counterpart you ask them to post a Letter of Credit, provide parent or corporate guarantee. The result would be substituting and accepting the risk profile of a third…"
Dec 21, 2010

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  • Boris Agranovich July 14, 2010 16:06
    Hi Jacob, It’s great to have you here! Feel free to invite new people, participate in discussions, activities and share knowledge. If you've got a frog for a picture, hurry up and replace it!
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