Breakthroughs are what you can expect from a good risk workshop. While I was writing this blog, I had to stop and go into an MS Teams meeting to meet the Chair of the Board of an organisation for whom I had been engaged to run a Board Risk Workshop. I explained the process I
This is the last in my series on operationalising risk appetite and I am coming back into the mainstream with the use of risk criteria and the risk matrix. I wrote a blog a couple of years ago called “Escaping the Matrix”. In it I mentioned there are many, many risk practitioners who are calling
If you have been reading my blogs these past six weeks, you will know what I mean by Go Mental. And that means co-creating a decision map to improve your team’s decisions. Last week I introduced some very simple tools, while mentioning more sophisticated tools like data models built using machine learning or AI. If
I love coming up with the cute, pithy, epigrammatic or aphoristic titles for my blogs ☺ I also love a good thesaurus! Last week I espoused the co-creation of a decision map to improve your team’s decisions. That is, to co-create a MENTAL model of how the decision is made and look for ways to
If you are going to fully operationalise your Risk Appetite Statement (RAS) you need to go mental. Developing Mental Models is what I am talking about. Let me explain. Over the past month I have suggested you need to: support your teams by documenting the organisation’s appetite for risk; guide their decision making by reviewing