The WDYMB…Crisis? article explained what a crisis is and how these can arise but one of the most important points stressed is that crises are often avoidable and in many cases survivable. Ultimately, this might come down to good luck and obviously the skills and abilities of the team responding play a big part. However, … Continue reading How to…Build a crisis management plan
The risk assessment lies at the core of risk management. Without a clear understanding of the risks faced, none of the other risk management activities can be undertaken meaning that the organization will remain reactive instead of being able to take proactive steps informed by risk-based decision making. However, risk assessments have the potential to become hugely … Continue reading The risk assessment process – how to conduct a risk assessment
Risk and risk discussions are often hampered by inconsistent terminology and a high degree of subjectivity. To overcome this, we need to understand what we mean when we ask 'what is risk?'. This article lays out a concept for risk using the ISO definition - the effect of uncertainty on objectives - and breaks individual risks … Continue reading What is risk?