How can you spot the point where a risk - a thing that could occur - becomes an event that is occurring? I'd argue that you don't need to identify the specific point of change, and you'll waste valuable time trying to spot the exact moment of transition. Most importantly, if you wait to see the transition point, your response will be on the back-foot from the get-go.
I'll be running three new risk management courses this November
Risk, Emergencies, Crisis & Disasters: Seven takeaways from reviewing my degree notes.
We need an improved deficit model for risk communications - one that elevates societal knowledge to the same level as scientific knowledge - to overcome many of the issues we currently face in decision-making and public discourse
Answering 'what is risk management?' needs more than 'it's the management of risk'. Here's a thorough explanation along with 4 key components
Even when it's not your problem to unpick, it's better just to grit your teeth, grab it with both hands and get to work. Otherwise, it's not going to get done, and as the risk manager, the buck does stop with you.
Hard problems don't lend themselves to easy solutions. And even if the answer is apparent from an early stage, making the decision easy, that doesn't mean there's not a lot of hard work ahead. KISS doesn't mean easy.
Uncertainty is integral to a risk assessment - we are looking into the future and our data might be fuzzy - so we need a way to manage this. Here's how.
Smoke alarms buy you valuable time if there's a fire in your house. You can do the same and make your organization more proactive using these simple tools.
The phrase Black Swan is often used as shorthand for a very serious event but a true Black Swan is wholly unexpected. These are impossible to prepare for if we rely on previous experiences but we have other options.