Who ever thought risk was optional?


I can’t help but observe the recurring theme of RM having to justify itself in the face of other (financial or operational) considerations. It’s like there is almost an acceptance of the need to “sell RM” within an organisation!!! This won’t be news to experienced Practitioners – some of whose professional persistence has proven pretty costly – but is this not a damning indictment of the prevailing Corporate culture?

Since the phrase “Black Swans” was first coined in the context of the Financial Sector, even when they don’t understand what it means(!), it has served as a ready, C-level, excuse for failure but, it is rarely the case…

Black Swans: A Corporate Governance “blind spot”

Where are the “risk leaders”? Instead of FS compounding the problems we should be utilising our expertise and resources to establish a means of “repaying” society, by promoting, supporting and investing in building community resilience.

EVERY project, process, task, operation being undertaken by an organisation is reliant upon varying degrees of INTER-CONNECTED function. Each contains some degree of risk.

The more complex the process or product the greater the exposure. Risk does not “run parallel” to the function, it is inherent to it and, as such, RM cannot be viewed as an option or add-on! To me this (scarily common) approach serves to reinforce the need for a paradigm shift in Corporate culture. Read more of this post