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It's all risky business!




Setting your alarm before you go to bed…that is risk management in its most simplistic

sense! I wanted to share a ‘risky’ story with you about a colleague called Betty.

Betty’s journey to work takes her about 1hour 30minutes. She drives to the station to catch a

train from Maidstone East station to London Victoria. She travels on the underground from

Victoria to Cannon Bridge station. It's a 5-minute walk from Cannon Bridge station to her

office.


Her objective is to arrive work on time to resume her 9a.m. shift.

What could stop her achieving this objective? She has identified a risk of possible delays

in getting to work. There could potentially be several events that may trigger (cause) this

risk:


  • She might oversleep

  • She may have a flat car battery

  • She may slip and fall over outside Maidstone East or Cannon Bridge station

  • There might be train or tube cancellations or delays

Can you think of some other risks she might face and how she can manage them?

We are all exposed to risks in our daily lives, be it in or outside work. It is useful to identify

these risks in order to manage them to an acceptable level.


This is what risk management is all about too!


“Risk Management is the process of identifying, assessing and controlling threats to

which an organisation is exposed.”


There’s an important discussion here that we should all be having across our Organisations

– what are these risks we face, and what can we do to minimise them?


To help you think about risk management, we can work with you and your Organisation to

put together a practical solution tailor made to suit your requirements.


Dorothy Otite

Email: Dorothy.otite@riskarticulator.com

© 2019 RiskArticulator. 

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