Team Risk Management is the formal process that was developed to bring together in a collaborative environment the needs and service expectations of the client with all selected service providers to manage the engagement based upon mutually acceptable metrics and benchmarks.
The goals and objectives of Team Risk Management include:
- Collaborative partnership
- Encourage anticipation, reliability, and accountability
- Shared vision for engagement and projects
- Open, honest, and direct communication by all parties at all levels
- Provides foundation of ownership, responsibility, and stewardship