What has the pandemic taught us about risk management?
It has been said for some time now that we live in a ‘VUCA’ world - a world which is more volatile, uncertain, complex and ambiguous than ever before. This is no truer than now when we are dealing with the economic, societal and financial impacts of the pandemic. All organisations are changing to be able to respond to the challenges; re-assessing strategic priorities to ensure that the strategy remains relevant and achievable and that the organisation is nimble and flexible enough to adapt, survive and thrive.
So what has the pandemic taught us about risk management?
Download our latest update which takes a detailed look at seven key areas under risk management which are particularly important for organisations to continue to achieve their purpose during, and after, the pandemic.
- Known and unknowns.
- Systematic weaknesses in operations and systems.
- Linear/siloed approach.
- Risk tolerance and risk appetite.
- Opportunity in adversity.
- Monitoring and reviewing risks.
- Risk velocity
