Catastrophes from the global banking crisis to the environmental catastrophe in the Gulf demonstrate yet again that the implementation of most Risk Management is seriously flawed.
This is because typically it:
- Is ignored or overruled by those at the top
- Has no high level champion setting the tone
- Is not based on a rigorous process of identifying and focusing on that which is most critical, thus dissipating and wasting effort and mismanaging the critical areas
- Is the province of unempowered, unmotivated middle managers and employees
- Uses at most three tools -
procedures, compliance and risk financing - Ignores vital areas such as culture, motivation and capability
- Is based on false, untested and unchallenged assumptions.
I have spent many years helping organisations to achieve Risk Management that works rather than that merely ticks compliance boxes and gives false confidence. In doing this I have developed, and successfully used, a range of tools to improve the effectiveness of Risk Management and the certainty of its delivery.
Although I have retired from full time consultancy, I have left most of my articles
and brochures on this site. I am here to advise, coach or train those who want real
Risk Management rather than the tick-
David Davies