Breast cancer diagnosisIsoflavones breast cancerBreast cancerBreast cancer preventionMitigate pmpBasis riskFive Steps To Reduce Risk - Randall Craig
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BLOGFive Steps to Reduce Risk · Step One: Identify all of the potential risks. · Step Two: Probability and Impact. · Step Three: Mitigation strategies. · Step Four: ... Home AboutRandall Speaking Back SpeakingTopics Back It’sNOTcalledThoughtFollowership Areyoulistening…orareyoueavesdropping? TrueorFalse:DigitalTransformationorBusinessExtinction SocialMediaWithoutWastingYourTimeorLosingYourIdentity DigitalGrowthHackingLab NetworkingSuccessinapost-COVIDworld BuildingDigitalCapacity ChoosingaDigitalStrategySpeaker RandallCraigdemovideo Testimonials DeliveringValue BookingEnquiries ThoughtLeadership Back ThoughtLeadershipIndex WeeklyTipsheet WeeklyPodcast Whitepapers Books Blog BraintrustProfessionalInstitute MeetingPlanners Back InformationPack EventResources Roomset-up Media ContactRandall Skipnavigation THOUGHTLEADERSHIP WeeklyTipsheet WeeklyPodcast Whitepapers Books Blog BraintrustProfessionalInstitute BLOGFiveStepstoReduceRisk byRandallCraigFiledin:Blog,MakeItHappenTipsheet,RiskTaggedas:ProjectManagement,RiskManagement Areyoukeenonrisk? Doyouseekitout? Mostpeopleandorganizationsdon’t–andforgoodreason. Yetriskisnotnecessarilybad:itispartoftherisk-returnequation;itdoesn’tidentifyonlyexposure–italsoidentifiespotentialopportunity. Whatisbadisunnecessaryrisk. Thissimpleframeworkcanhelp: StepOne:Identifyallofthepotentialrisks.(Includingtheriskofnon-action).Thisisabrainstormthatshouldconsiderallofthepotentialproblemsthatmightoccur. StepTwo:ProbabilityandImpact.Whatisthelikelihoodthattheriskwilloccur? Whatwillhappentotheorganizationiftheriskcomestopass. Ausefulanalyticaltoolistoputthesedimensionsonatwo-by-twomatrix. Needlesstosay,yourattentionshouldn’tbespentonthelowprobability-low-impactitems. StepThree:Mitigationstrategies.Whatcanbedonetoreducethechancethateachriskmightoccur?Whatchangestoprocessormethodology?Tothepeopleinvolved?Tothetechnology?Tothetermsandconditions? StepFour:Monitoring.Oftenitiseasiertoreduceorremoveariskifitisidentifiedearlierinaprocessthanlater.Define–upfront–howtheinitiativewillbemonitored,andwhowillbemonitoring,andhowitwillbereported. StepFive:Disasterplanning.Foreachoftheidentifiedpotentialrisks,howwilleach behandlediftheyweretocometopass?Ausefulquestiontoask,foreachrisk,is“whatistheworstthatcanhappen?”Havingcontingencyplansinplacehelpsthebusinesssurvivewithminimumdisruption.Asshouldbeobvious,whendisasterhappens,mostpeoplearein“panicmode”,sohavingdonethethinkingbeforehandis invaluable. BonusStep:Insurance.Manyriskscanbeinsuredagainst–oftenatasurprisinglylowcost. (OrganizationswhopurchasedpandemicinsurancepriortoCOVIDhaveafarmorepositivefuture…) Thesefivestepsmakealotofsense,butwhenconsideringrisks–mostorganizations–gointheoppositeorder,startingwithinsurance,thendisasterplanning,andmaybe,justmaybe,monitoring.Mostdon’tconsidermitigationstrategies,probability/impact,andignorestepone,identification,completely.Doingittherightwaymeansthatyou’replanningforlessominousdisasters,andlesscostlyinsurance. THISWEEK’SACTIONPLAN Risk iseverywhere–from operational,tofinancial,tolegal,andsoon. Becausedigital isusuallynewerformostorganizations,thisweek,focusthere. (Moreondigitalriskmanagementhere: Insight:34SocialMediaRisks, Viewpoint:RiskyBusiness, and IdentifyingandreducingFacebookrisks.) Doesthistopicresonate?ReachouttoRandall:hecanpresentittoyourgroup. (Morepresentationtopics) SeeRandall’sprofessionalcredentials:Downloadone-sheet. @RandallCraig(Followmefordailyinsights) www.RandallCraig.com:Professionalcredentialssite. Eachweek,getRandall’s60-secondnuggetontranslatingdigitalknowledgetoaction.Curious?Read600+pastarticles. Ifyouareinterestedinreceivingtheseeachweek(thereisnocost),fillinyournameandaddressbelow. FullName*Email* CAPTCHA Subscribe Δ CATEGORIES SelectaCategory AssociationsBlogBloggingBookBrandingBusinessDevelopmentCareerPlanningCommunicationContentCRMDataDigitalStrategyEngagementGlobalBusinessGrowthInsightLearningMakeItHappenTipsheetManagementMarketingMediaMobileMotivationalNetworkingNewJobPersonalDevelopmentPlanningPresentationsProfessionalDevelopmentPromotionRecruitmentRetentionRiskSalesServiceSkillsDevelopmentSocialMediaStrategyTechnologyTimemanagementTrustUncategorizedViewpointWeb TAGCLOUD DigitalStrategyCopywritingSuccessTechnologyContentMarketingEngagementRiskManagementPersonalDevelopmentLinkedInInboundMarketingMarketingStrategyProductivityCRMMarketingAutomationSalesFocusROIThoughtleadershipMarketingStrategy RECENTPOSTS Bigdata,analytics,andcompetitiveadvantageRe-lookingattherushtodigitalChecklist:20TopNewsSharingIdeasLeavingaMarketBehind?ActivatingyourlearninginvestmentInsight:ImprovingCreativePotential INVITERANDALLTOSPEAK ContactusformoreonRandall’stopics,availability,andaudiencefit. 416-918-5384 [email protected] Backtotop
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