Sound risk assessment is the cornerstone of enterprise risk management – yet recent studies have found there is a veritable crisis in risk identification and assessment processes. Risk management discourse often forgets the importance of practitioners’ ability to conduct a single risk assessment that delivers useful results on a given topic.
Many starting out to lead risk ID sessions quickly meet pitfalls. The scope of this discussion, the validity of the method, and the appropriate use of quantitative financial models are all called into question. The results are often not reliable as the basis for decision-making, and the credibility of the ERM program itself is at stake.
What risk managers need is a consistent approach, based on sound principles, that is adaptable to all content areas within their organization, whether public or private sector.
This course addresses those concerns by following the classic risk management steps, using a methodology refined over years with a diverse array of clients and organizational contexts.
View this introductory presentation, "The Challenge of Developing Good Risk Information".