I recently had a wonderful opportunity to ask a large group of profesionals one simple question – what is risk management? More than 1450 experts from a Russian professional social network (equivalent to Linkedin in Russia) have participated. Most are not risk professionals.
The results, I find, are quite amazing:
This is pretty much just for fun and there is nothing scientific behind this survey, but still, makes you wonder:
- 8% (119 people) think risk management is a fad
- 15% (224 people) think risk management is a full time profession
- 6% (88 people) think risk management is a compliance tool
- 67% (996 people) think risk management is an important decision making tool (both at home and in the office)
Take note risk management professionals! Most business people think risk management is a decision making tool. Are you delivering timely, transparent and accurate risk management advice to help management make better day to day decisions? Or are you still stuck doing quarterly or monthly risk assessments?
It’s time to wake up.
Check out other risk management books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
