no-nonsense risk assessment - part 1. what is risk optimisation?
DESCRIPTION
Risk management professional Sara Hjalmarsson shares some of her best advice on strategic risk management.TRANSCRIPT
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No-nonsense Risk Management
Part 1 - What is Risk Optimisation?By Sara Hjalmarsson
Founder of Scenario Sciences Sweden
Board member of ASIS International Chapter Sweden
Bachelor of Counterterrorism, Security and Intelligence
Bsc Hons. Security Science
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What is Risk?
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What is Risk?
Risk = Uncertainty in relation to your goals
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What is Risk?
Risk = Uncertainty in relation to your goals
Risk Management = Managing uncertainty in order to keep reaching your goals over both the short and long term
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What is Risk?
There are two types of risk
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What is Risk?
There are two types of risk
Negative Risk = Prevents you from reaching your objectives
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What is Risk?
Negative Risk = Prevents you from reaching your objectives
Positive Risk = Helps you reach your objectives
There are two types of risk
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The Value of RiskToday, we strive to eliminate risk
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The Value of RiskToday, we strive to eliminate risk
at any cost
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The Value of Risk
This is causing more risks than we are mitigating
Today, we strive to eliminate risk
at any cost
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The Value of Risk
Risks can never be completely eliminated
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The Value of Risk
Risks can never be completely eliminated
But they can be turned into opportunities
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The Value of Risk
This requires us to re-think how we manage our risks
Risks can never be completely eliminated
But they can be turned into opportunities
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Optimising Risk
Negative and positive risks are interlinked
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With every opportunity comes risk - and with every risk comes opportunity
Optimising Risk
Negative and positive risks are interlinked
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With every opportunity comes risk - and with every risk comes opportunity
Success depends on optimising the two
Optimising Risk
Negative and positive risks are interlinked
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Risk optimisation is different from risk elimination
Optimising Risk
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Optimising Risk
Risk optimisation is different from risk elimination
Risk optimisation = Getting the most out of your opportunities, without letting risks stop you
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Risk elimination = Avoiding risk, discomfort and disruption at the cost of opportunities
Optimising Risk
Risk optimisation is different from risk elimination
Risk optimisation = Getting the most out of your opportunities, without letting risks stop you
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Different ways to do the same thing
There are many ways to identify, measure and optimise risks
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Different ways to do the same thing
There are many ways to identify, measure and optimise risks
What is important is to choose a method that works for your circumstances
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Check out Part 2 to learn more about Assessing and
Optimising your risks
Take the next step