About
Keith Baxter is an internationally renowned expert in enterprise risk management. Keith is the Managing Director of De-RISK Ltd and the blog is an ins...
10 June, 2009 in Business No comment
Strategic Programme Risk Management
A different perspective on risk management.
Many of the disasters associated with large scale programmes (ie over-runs, escalating costs and inability to deliver objectives) are ultimately caused by the failure of the traditional risk management approaches used widely in industry today.
At De-RISK, we offer a more effective approach to risk management, with a proven track record, across virtually all business and industry sectors. We also provide a suite of industry leading tools to support you in your ongoing risk management.
De-RISK will:
- Identify significant risks that would not be identified by traditional approaches
- Create a clear, detailed, and rigorous picture of the risks within your organisation that can be efficiently communicated.
- Avoid being ‘sucked into the noise’ – maintain a strategic view of the risks without unnecessary distractions.
- Create a “roadmap” to show you how to go from where you are predicted to be to where you want to be
Why you need us
You are in charge of a large, complex programme or project, the delivery of which is strategically crucial to your organization. It may be the delivery milestones that worry you, or the budget or the likelihood that the benefits to the business will ultimately be realised. You have detailed plans but you don’t know whether you can trust them. You have a good team but you don’t know if they are being completely open with you or if they are experienced enough. You may be doing something that is more complex than you have attempted before, is on a scale not attempted before or uses new or unfamiliar technology. You need to De-RISK
Read moreABCD Risk Management
ABCD works where other risk management approaches fail. One of the main reasons for this is that ABCD focuses on positives (ie assumptions) rather than negatives (ie risks) and is therefore seen as a positive exercise by people who would normally feel uncomfortable with a ``risk assessment. ABCD is fully scaleable - it can be used on everything from small projects to large scale programmes and full business enterprises. Most importantly, ABCD is a true enterprise risk management approach.
Read MoreStrategic Target Analysis
Traditional estimating approaches take good quality estimates (eg capital assets) and poor quality estimates (eg resource estimates for activities never attempted before) and simply add them together to produce an add-up cost which conceals the uncertainties. Further if these uncertainties are now lost in the add-up cost there is no way of re-analysing and therefore no way of managing the cost-risk. Strategic Target Analysis (STA) is a proven way of accurately estimating the cost-risk (ie budget, timescales and/or benefits) in any size of programme.
Read MoreThe problems with traditional risk management
100% certainty and perfect levels of communication do not exist, but the intrinsic characteristics of traditional risk management can make communication more difficult and therefore increase risk.
Effective communication is vital in any risk management process. Within programme teams there will be a number of individuals with different viewpoints. Therefore a fundamental objective of any risk management process should be to get everyone “on the same page” and to expose these differences of opinion. Traditional risk management does not encourage dialogue: as a result, different viewpoints are not shared and people are unable or reluctant to bring their own knowledge to the table. This is due to the psychology of perceived and actual negativity that surrounds risk management language.
Our approach to risk management tackles these issues head-on, Contact Us today to find out how we can help.
Assumption Based Communications Dynamics – effective and efficient risk management
At De-RISK, we specialist in a form of risk management called Assumption Based Communications Dynamics (ABCD). Developed to address problems that naturally arise with traditional methods of risk management, ABCD has evolved and refined since its development in the 1990s into the most effective and efficient process in risk management. ABCD provides:
- Clear, and aligned communication – ensuring maximum communication
- Focus on positive assumptions rather than negative risks.
- True prioritisation of risks aligned to strategic objectives.
- Proactive and efficient risk action planning.
Large programmes are inherently risky and therefore tend to fail: Contact De-RISK today to find out how these programmes your can be delivered.
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Accurately quantifying risks
Read on and learn how to accurately quantify risks; explore why traditional risk management methods are not as effective as people might believe, and ...
20 August, 2018 in Risk Analysis No comment
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