Risk Management

I am going to list the things we have to do before the Innovation of Risk kicks the bucket! More precisely I am going to list the things that have to happen so that the Risk Manager can kick the bucket in his/her current form and shift to a new form entirely.

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Quite simply because when it comes to risk management we somehow seem to have complicated something that has been in existence since the dawn of man, yes since the dawn of man. The day we stood up and first assessed our surroundings we were considering the risks. The risks of being killed by that beast in the wilderness where our only form of mitigation was "fight or flight".

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Quite simply I see a five stage approach to how risk management evolves in any organisation.  Within each of these five stages there are of course many variations in terms of length of time, impacts and overall organisational change aspects. However, I have found that these five stages reasonably represent the reality of risk management.

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