Integral Risk Diagnostic – Understanding the Risk Landscape
Most organisations understand the ‘big ticket’ risk items. Our process looks through four lenses. Personal Perceptions, Behaviours and Actions, Prevailing Culture and Systems and Process. These fours ‘lenses’ helps to build a more holistic landscape of factors that impact, risk upside and downside.
What It Is
Our Integral Risk Diagnostic is a process of uncovering the maturity of an organisation in the context of risk. We ask questions about the level of ownership and understanding of the consequence of risk in the day to day management of the business. We present our feedback and learnings to support leadership formulate appropriate governance, risk appetite and control strategies.
What It Does
Explores individual perceptions, visible behaviour, group ‘norms’ and systems. Builds a vivid picture of what current perceptions exist and how they are driving actions and outcomes at this time.
Boards often align on the core risks and better support the executive team in leadership of the organisation. This sets up our next phase which is to review controls, identify strengths and weaknesses in current risk mitigation and support the team to project manage closing of the gaps.
What It Makes Possible
- A deeper understanding to how people and culture impact the risk landscape
- Assessment of the skill and capability levels in the context of risk management
- Identify key gaps and critical risk vulnerabilities
- Build a foundation of ‘shared understanding’ so aligned action is more effective
- Streamline the ‘procedural’ burden on Supervision by identifying overlap and redundancy of process
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