Managing Risk Through Delegation


The art of delegating responsibilities to others is a skill every manager and supervisor should have in their repertoire—especially when it comes to managing risk. Not to be confused with risk transfer (i.e., insurance), delegating specific tasks to others is a great way to get other departments involved in risk management efforts. Also, it can help you develop future leaders.

However, delegating can fail if not handled properly. Here are some points to consider before delegating risk management tasks to others.