A Data-Driven Approach to Risk Management – The Risk Metrics Project Background & Overview

Establishing a set of metrics we can use for risk management and decision-making is a big topic I've been working on for a long time - over 20 years at this point. It's a challenging problem and one that has seen off better people than me but I think that a simple model will help speed up, simplify and remove the subjectivity from risk assessments. In turn, that will help improve the speed and quality of our decision-making. Here's an outline of the project

Who’s Your Organization’s Barbara?

'Barbara' is my shorthand for the person who's essential to an organization. The real Barbara was the founder's EA at a firm where I worked and, having been there since the very beginning, knew everything there was to know about the business. But over time, I realized that most organizations have a Barbara (or Bob) and they're essential to keeping things going.

A Quick Way to Establish Context and Develop Understanding

A large selection of eyeglasses

Data or information by itself is meaningless. For it to be useful, we need to add context. This is the difference between information and intelligence: once we've analyzed the information and put it into context, the resultant intelligence gives us an understanding of a situation.  Developing this context can be difficult but this technique of applying different lenses will help you establish context and put your information to work quickly.

Reflections after five years of KISS risk management 

I started the KISS risk management project five years ago with the idea that risk management was being made too complicated and there were too many gatekeepers in the way. So after five years, I thought it was worth taking stock and seeing what I've learned along the way. I've summarized five big things I've learned below - all of which are, hopefully, takeaways that will benefit you too.