View
1.224
Download
1
Category
Preview:
DESCRIPTION
You are a Risk Manager and a CEO of your life. Keep a Diary of Risks for Personal, Small business, Big business is necessary to clear your mind from lots of things to do. Learning from 'Fire-Fighting' problem, what is not written, is as good as forgotten. Risk Management Planning can be simple or complicated. If you focus the Why we need manage risk and the question of What and How to do it, will become easier. This presentation slide is prepared for a 45 minutes talk to a group of fellow professional trainers in the process of learning. At the end of the session however, the group leader make a remark that she does not understand what I am selling or what is the next action do I want the audience to take. So, version 2.0 of this presentation is coming along soon.
Citation preview
You Are A RISK Manager
The Least A Manager Should Know
2009 …
Fighting Fire or Fire Fighting
… Incovenient Truth …
… 2072
… CEO
Effect of Uncertainty on
Objectives
ISO 31000
SafetyDefenceMedical
EngineeringOperation
Project
Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome)
RiskIssue
Problem
May Be FutureCertain FutureNow
Money, Health, HappinessSales, Collection, ProfitCost, Quality, Schedule
PersonalOperatio
nProject
ApplePalm
BlackberryNokia
EricsonSony
WhyHowWhat
What? How? Why?
WHY
Effect
Uncertainty
Objectives
Goals
Ob
ject
ive s
Pu
rpose
Pass
ion
Vis
ion
Mis
sion
1. Best performance
2. Least cost3. On time4. Least
surprises
Objective
1. Lender2. Insurer3. Contract4. Governance
Uncertainty
Anything that can go wrong, will …
Effects
Property Damage.Liability to 3rd Party.Injury.Dispute.Negligence.
Code of Hammurabi; 1772 BC
1. The disproportionate role of high-impact, hard-to-predict, rare events
2. The non-computability of the probability of the consequential rare events
3. The psychological biases that make people blind to uncertainty
Pop Quiz
200719691112197220 07 1969 11 12 1972
What did Eugene "Geno" Cernan did on 11 December 1972
Last man on the Moon on Apollo 17
HOW
Context
AnalyzeEvaluate
Understand
1. Things You Know, You Know
2. You Know, You Don’t Know
3. You Don’t Know, You Don’t Know
Analyze
Impact
Likelihood
Evaluate
Opportunity
Threat
Prioritize
Increase
Good
Reduce Bad
Decide
AcceptShareAvoidMitigate
Reduce likelihoodReduce Impact
Control
PreventiveDetectiveDirective
Corrective
ProcessInspectInstructRecover
WHAT
Risk Plan
Risk Register
Risk Report
3 Parts 5 Steps
Context
Identify
Analyze
Evaluate
Review
Risk Assessment Report
Risk RegisterRisk
Management Plan
Risk Assessment
1. To CRO, Senior Management or Board
2. Status of operation or project3. Assumptions that remains right or
otherwise.4. List of High Risks.5. List of Critical Risks or risks which
have turn into Problem.6. Status of Control and Responses to
risks.
Risk Register
1. How much are the financial exposure?
2. What are the High and Critical Risks?
3. How much control do we have? 4. How should we respond to the risks?5. What can we do to improve control?6. What are most urgent and important
action that we need to take right now?
Risk Management Plan
1. What is the project about and objectives?
2. What are the assumptions ?3. Who are the project team members?4. What macro uncertainties do we
have?5. When and how are we going to
identify micro uncertainties?6. What do we do when Risks turn into
Problem?
1. Risk Management Plan
What do we have?
What to do?When to review?
Whatever.Just do it.Why review?
2. Risk Register Concept
1. Context2. Identify3. Analyze4. Evaluat
e5. Review
When, WhereList, Cause, SourceLikelihood x ImpactWeak / Maybe / Good…
Risk Register TemplateRisk
DescriptionLikeliho
odImpact Contol Effect Priorit
y
Late for office due to bad traffic causing discipline problem at work
Likely Moderate
Set alarm clock at 5.30am
Loss of income
NU / NI
Store caught fire due to inadequate fire safety measaure causing loss of stock.
Unlikely High Install fire alarm, smoke sensor and fire extinguisher
RM10k U / NI
Factory flooded causing lack of raw materials and completed products not able to be exported.
Rare Extreme
Business Interuption Insurance
RM10m NU / I
3. Reporting Risk Concept
1. High Risks2. Critical Risks3. Problems
1. Challenge what is possible.
2. Improve, to help others
Why How What
Learning from Apple
Why How What
Next …
Greenland, Ilulissat, Underwater image of icebergs floating near face of Jakobshavn Isfjord
Anwar Ahmad Abidin
twitter.com/xanwara
+6 019-6649328
Recommended