Risk management challenges #1: Facilitating and executing risk meetings
As a risk management coach I see first hand some of the challenges organisations have when it comes to risk management. Many of the challenges are recurring and seem to be present regardless of times and trends. Other challenges come with changes in standards and expectations from stakeholders.
A classic challenge many of you may recognise is the challenge of facilitating and executing risk meetings in an efficient way. Sure, everyone can call for a meeting, make people engage in a discussion about identified risks, their level and what to do about them. However, many experience doubts about the quality of the output from the meetings. Are these risks really relevant? Did you pinpoint the actual problems? Couldn’t the positive risks have been more specified? Have you created enough engagement to actually drive the closing of actions forward? Which risks do we know about that aren’t highlighted? And why? Ok, so now we have a list of risks – and then what?
Facilitating risk meetings calls for a number of qualities. From my own experience, some of the most important things are to understand the high level purposes of the organisation and see these purposes in conjunction with each individual’s own agenda. As well as to listen, yet challenge what is being said. Further on it is important to establish alliances with certain risk owners, and use their behaviour and choices as a role model for others.
I am sure you can recognise my focus points, yet have different perspectives. My focus points are based on the experiences I have, and the organisations I’ve been part of, as well as my own personal preferences. Your perspective has equally been developed during your years of experience in the field, your background and the cultures you have been working in.
When I hold courses and risk management training events, I find that the most useful part of the courses often are the parts where we are able to, as a group of equals, have an open discussion and share our experiences related to a specific topic. Even though I’m the «teacher», I learn a lot and experience quite a few eye-openers when my participants share their thoughts, perspectives and experiences. Often I go home thinking we should be able to have more parts with sharing across the group and fewer parts with theory and lectures.
For about a year now, I have been wanting to do something different from my classroom courses. In May it will finally be a reality: You are hereby invited to participate in my Mastermind session in Alicante from 22nd to 25th of May. I have called it Risk-based thinking, for quality and risk management professionals, and my objective is to create a space where we can meet and openly discuss specific challenges we have in our day-to-day work related to risk management, and pick each others brains on ways to improve and better approach our individual challenges.