Paper: A Random Walk Into Climate Disaster

In this PRMIA Institute’s paper, A Random Walk Into Climate Disaster, Gerhard Mulder explores how risk managers should be able to adapt in response to changes and new information. This “adaptive management” approach promotes continuous learning and flexible project design. An adaptive plan specifies actions to be taken immediately to be prepared for the near future and actions to be taken now to keep options open to adapt if needed in the future.

Climate risk is an evolving, transformative issue that will require changing the fundamental attributes of the organization and ultimately will redefine the core purpose of the organization. That change may start with the risk manager.

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