1 in 100,000

We spend most of our time worrying about what could go wrong. What if we enhance the 99,999 reasons why we got it right ?

The greatest risk is to take no risk.

Approach

The risk management narrative has become a labyrinth of complexity that covers every example you can possibly think of. History tells us that risk failures are mostly attributed to things like overconfidence, personalities, group dynamics and organisational culture, yet we still focus on probabilistic calculus, not people.

People are human, we make mistakes and this is a good thing. The avoidance of small mistakes makes the large ones more severe. So how do we create environments, in the words of Nassim Taleb, that are antifragile? That is, systems that increase in capability to thrive as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. The more variability you observe in a system, the less black swan prone it is.

In dealing with risk, human factors will defeat procedures every time. So risk needs to be about what people do, and how they naturally behave in decision making. It needs to be about what people think is the risk, understanding their disposition towards risk and finding solutions to enhance behaviours that support objectives and antifragility.

" Risk management is a human and institutional challenge. It is about habits of mind and organisational culture more than process or structure."

Michael J Mazarr - The True Character of Risk

We know people change because they are shown a truth that influences their feelings, not because they were given endless amounts of logical data.

When changing behaviour towards risk and risk practice, both thinking and feeling are essential. Without risk taking we stop evolving; without risk, we stop dreaming.

Paul Chivers

Risk Advisor

Implementation

Risk behaviourial analysis
Fragility assessments
Policy, system & tool development and review
Health & safety adoption
Incident reporting
Control effectiveness reviews
Variance reporting
Crisis management & emergency response
Safety & security officer deployment
Psychometric testing for risk disposition
VR/AR training integration
Expert witness testimony
Training & education

Contact

riskfacilitor Pty Ltd

PO Box 117

Waverley, NSW 2024

Australia