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Risk Register and Breakthrough Mitigation
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Manage episode 300144060 series 2951942
New website = riskcommentary.ca
High Quality Risk Assessment: What is the true significance of the risk register you’ve built so carefully? How does it lead to dramatic, breakthrough risk mitigation?
Facilitating risk assessment
- Risk register - the full significance
- What have we accomplished so far?
- Quality infused at each step
- Result: revelations in the perception of the risk profile
Breakthrough Risk Mitigation
- mitigation action that is truly “breakthrough” and dramatic
- expert participants
- sorting on risk information
- novel interpretation of risk profile: identify fundamental risks
- evidence-based decisions
Creativity and innovation
- introducing imaginative and unorthodox solutions
- taking it offline as special project
- do not short-change this part of the process
How is the risk register used going forward?
- transformed from a static snapshot to a dynamic management tool
Summary
KEY QUOTE
”Poorly understood chronic problems often have to do with the nebulous and difficult questions of communications and working relationships...” (Robertson, p.58, Section 2.5 Risk Mitigation and Review)
LINKS
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
20 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 18:30 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 300144060 series 2951942
New website = riskcommentary.ca
High Quality Risk Assessment: What is the true significance of the risk register you’ve built so carefully? How does it lead to dramatic, breakthrough risk mitigation?
Facilitating risk assessment
- Risk register - the full significance
- What have we accomplished so far?
- Quality infused at each step
- Result: revelations in the perception of the risk profile
Breakthrough Risk Mitigation
- mitigation action that is truly “breakthrough” and dramatic
- expert participants
- sorting on risk information
- novel interpretation of risk profile: identify fundamental risks
- evidence-based decisions
Creativity and innovation
- introducing imaginative and unorthodox solutions
- taking it offline as special project
- do not short-change this part of the process
How is the risk register used going forward?
- transformed from a static snapshot to a dynamic management tool
Summary
KEY QUOTE
”Poorly understood chronic problems often have to do with the nebulous and difficult questions of communications and working relationships...” (Robertson, p.58, Section 2.5 Risk Mitigation and Review)
LINKS
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
20 episodes
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