Every matter begins with an inherent level of risk, determined by factors such as the type of work, the parties involved and the potential consequences if something goes wrong. Those characteristics rarely change during the lifetime of a matter.
What does change is confidence. Every review completed, safeguard applied and professional judgement exercised increases confidence that the matter is being managed appropriately.
Risk and confidence are often discussed using the same language, making it difficult to distinguish the nature of the matter from the quality of its management.
At Orchard Rock, we believe these are separate concepts. Keeping inherent risk visible whilst independently describing confidence creates clearer conversations, more meaningful reporting and a shared understanding across the firm.
Could your current process be hiding the real discussion?
