Risk

Risk is about decision-making and uncertainty. It's not about risk registers and colourful reports. Risk management should protect and create value within your organisation, and improve performance by helping you make better decisions. Organisations deal with hundreds of different uncertainties and decisions every day.

 

To be successful you need to understand your risks and decide what you want to do about them. If your risk management framework consists only of risk registers and a 1-5 scoring system you are almost certainly wasting time, money, and effort on activities which have no mathematical or scientific basis, and which do nothing to improve performance. 

Fortunately there is a better way.

 

2020 Risk Management was established to help maximise your chances of success. We help you identify and assess threats and uncertainties in a way that links to your objectives and strategy, using appropriate tools and techniques. We help you embed risk management into your corporate culture and use it to your competitive advantage. We help you take the right risks, at the right time, based on the right information.  

Think about the following:

  • Are risk managers providing timely, meaningful and actionable information to senior management?

  • Does risk management influence good decision-making in your organisation? 

  • Does every decision, activity and process take risk into account?

  • Is risk management integrated into all parts of the organisation or is it a separate standalone activity?

  • How confident are you that all budgets and targets will be met?

  • Are risk registers seen as a never-ending quest for updates and time-consuming reviews?

  • Are you using tools like bowtie diagrams, decision trees and Monte Carlo simulations?

  • Do you know when projects are going to be completed, and how much they're likely to end up costing?

  • Do you include uncertainty in all financial, operational and scenario planning assumptions? 

  • How well would your organisation respond in a crisis?

If you cannot confidently answer all these questions then 2020 Risk Management can help. Take a look at some of the services and training we provide, and contact us to see how we can work with you to help you get risk management working in a way that makes a real difference. 

© 2020 Risk Management Ltd 

Registered in Scotland SC618911

Registered office 43 Millside Road, Peterculter, AB14 0WG