Risk Management and Mitigation
There is risk in everything we do. That doesn’t mean it’s not worth doing! The more you can define the risks, the better you can plan for those risks thus increasing your success rate. Let Carol Barnett Consulting help you with a robust risk management and mitigation plan.
Maybe you have developed a new business plan, or a business case or proposal you need to develop, or a project you want to implement. This is where effective risk identification and risk management strategies come into play.
People are risk averse to one extent or another. What is important is that you have worked through your plan or project and have identified all the risks you can.
I can help you identify and then mitigate the risks and improve your results.
Did you know there is more to risk management than just mitigation?
There are a number of strategies that can be used when creating a management and mitigation plan:
Avoidance – These techniques are used to reduce the likelihood that a risk will occur. The aim is; reduce the likelihood to as close to zero as possible, thus making your course of action more viable.
Mitigation – This technique is about reducing the impact a risk will create if it occurs. This technique is used when the risk impact is considered to be quite large and cannot be avoided.
Transfer – This technique moves the impact of the risk to a third party. Insurance is a common example of how to avoid this type of risk.
Active Acceptance – This is when you recognise the risk and actively decide to go ahead because you can accept the level of risk. Most times the risk would be documented as would be the decision to move forward.
I offer a free no obligation 30 minute video conference session to help show you how Customer Risk Management and Mitigation can improve your business. Click HERE to book in your video Conference now!
My risk management and mitigation experience...
- Designed and implemented a number of large projects that were unique within MSD. Their success was largely due to the continuous risk management and mitigation. MSD tends to be risk adverse. It was the continuous monitoring, communication and adaptation where necessary that allowed the results to be achieved.
- Member of various Governance Teams – monitored and strategised to manage the Risk Registers
- Designed and implemented a performance management framework across all four schools that comprise the Correspondence School with no complaints.
- Department of Internal Affairs – led the successful development of 5 self managing teams operating across Auckland and Northland
- The Correspondence School – where one major facet of the cultural change was to focus on the needs of the student rather than the marking requirements of the teacher. The success of this was reflected in the subsequent ERO report