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
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
What is Risk?
What is Risk?
Risk = Uncertainty in relation to your goals
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
What is Risk?
There are two types of risk
What is Risk?
There are two types of risk
Negative Risk = Prevents you from reaching your objectives
What is Risk?
Negative Risk = Prevents you from reaching your objectives
Positive Risk = Helps you reach your objectives
There are two types of risk
The Value of RiskToday, we strive to eliminate risk
The Value of RiskToday, we strive to eliminate risk
at any cost
The Value of Risk
This is causing more risks than we are mitigating
Today, we strive to eliminate risk
at any cost
The Value of Risk
Risks can never be completely eliminated
The Value of Risk
Risks can never be completely eliminated
But they can be turned into opportunities
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
Optimising Risk
Negative and positive risks are interlinked
With every opportunity comes risk - and with every risk comes opportunity
Optimising Risk
Negative and positive risks are interlinked
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
Risk optimisation is different from risk elimination
Optimising Risk
Optimising Risk
Risk optimisation is different from risk elimination
Risk optimisation = Getting the most out of your opportunities, without letting risks stop you
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
Different ways to do the same thing
There are many ways to identify, measure and optimise risks
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
Check out Part 2 to learn more about Assessing and
Optimising your risks
Take the next step