ABSTRACT
Companies of any size may employ specialist advisers to alert management to prospective changes, or to advise on best practice responses to new legislation, for example specialists on patents, employment, property, taxation, etc. Managing risk as opportunity in this way means that publicity is vital to increase sales sufficiently to cover any costs of compliance and increase profits. Another feature that differentiates compliance projects is the severity of the consequences of not delivering the project on time. Whereas delay in most projects covered earlier might result in loss of business or financial penalties, delay in compliance, effectively non-compliance, could have disastrous consequences. Project risk attributes can be clustered into broad areas of knowledge, resources and quality, which might typify the compliance risk areas in any professional services organization. The dotted lines show where one risk attribute might impact on another.
