“Education is not the learning of facts, but the training of the mind to think.”
Albert Einstein
Managing Risk
Managing risk is as much about creativity and success, as it is about due diligence. These micro learning lessons are design to help you understand the concept and principles of risk management.
Risk Management Guidelines - Overview
Effectively managing risk requires a framework to assist you in integrating risk management into significant activities and functions.
Communication & Consultation
Communication and consultation is there to assist relevant stakeholders in understanding risk, the basis on which decisions are made and the reasons why particular actions are required.
Scope, Context and Criteria
Without context there is no point in managing risk! Establishing the scope, the context and criteria is about customising the risk management process, enabling effective risk assessment and appropriate risk treatment.
Risk Assessment
Don't let fear distort the facts! The cover picture is a grey nurse shark, often referred to as the labrador of the sea. Assessing risk is often stifled by perception and bias. Learn how to identify, analyse and evaluate risk effectively.
Risk Treatment
Selecting and implementing the right treatment options for addressing risk requires a range of methods and techniques. Too often, we identify the wrong risk therefore throw resource at th wrong treatment or control.
Monitor and Review
Monitoring and review is about assuring and improving the quality and effectiveness of process design, implementation and outcomes. We often assume that documented treatments and controls are in place, yet have very little evidence of their effectiveness.
Recording and Reporting
The risk management process and its outcomes should be documented and reported through appropriate mechanisms. Remember, its about quality, not quantity!
Antifragile
It's easier to identify what is fragile (e.g. champagne glass) than to predict what might harm it! Learn how to thrive on uncertainty, disorder, errors and stressors?
Human Factors
Human factors are the leading cause to the majority of risk failures around the World. Learn how to reduce complexity and re focus on the most fragile part of risk management… which is people.