The quality of the risk analysis is largely determined by the participants in the risk analysis. The number of pre-determined perspectives also plays an important role in identifying the risks.
Risks that exist within a company or organization arise from business activity and are often spread across various departments. To compile a complete picture of the risks within an organization, it is necessary to have an unobstructed view of the relevant part of the organization. In this way, the right priority can be given to the risks and the right control measures can be taken.
At a strategic level, it is important for the risk inventory that each participant makes a substantial contribution to top management. An alternative, if making a direct contribution is not possible, is to ensure a high degree of involvement in the formation of the strategy and direction of the company or organization.
If inventories take place per department, it is important that the participant group changes. This is important because the risks are the result of the work of individuals who work in the relevant department. In addition to the presence of the accountable board member, it is useful that the representation (from the top of the department) correctly reflects the current composition.
Risk analyses and perspectives
Formulating the risks is a careful process where you must ensure that participants are too quickly influenced by their own field. In that case, there is a chance that a (too) unilateral image will arise where the correlation between the risks will fade into the background.
Getting a complete picture of all risks is precisely the strength of a well-executed risk analysis. By using the different perspectives, participants are forced to develop a broader perspective. By looking at the risk analysis in this way, a more complete picture of the relevant risks is created. The direct result is that the risks become visible and people can ultimately anticipate them better.
Another additional advantage is that by using different perspectives, an awareness process is initiated. This gives you better insights into risks in other areas and you can see the relationships between them sooner. An isolated approach to specific risks is thus avoided.
Organizational risks mainly play a role at the strategic level. At the tactical level, for an inventory, the risks are mainly associated with activities that characterize a particular department. In both cases, you can opt for the same perspectives:
- Organizational
- Technical
- Financially
- Political/Administrative
- Legal/Legal
- Externally
The perspectives actually function as a framework and are derived from the standard set of perspectives in the RISMAN method.
