How to Facilitate High Quality Risk Assessment

Show Notes

High Quality Risk Assessment implies comprehensive risk identification and a sensible assessment using four key criteria. I share a generic methodology developed and refined over years with clients.

Review of the advantages of round table method
Risk identification - finer points of risk formulation 
Facilitation - finer points of facilitation
LIFT: Listen; Interpret; Formulate; Test
Risk assessment - four aspects
Summary

KEY QUOTE
Definition of High Quality Risk Assessment
“The comprehensive identification and analysis of phenomena that could prevent the achievement of objectives, or compromise associated values, of a researched and planned program, followed by a principled response.” (Solving the ERM Puzzle, p.11)

LINKS 
Do you need a risk matrix (risk register) or other templates for risk assessment? Enterprise Risk Management Tools and Templates 
(Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation 
RIMS document, pdf download Exploring Risk Appetite and Risk Tolerance