Organised in cooperation with Aon Risk Services, the Institute of Directors and the Northern Ireland Audit Office this seminar, 'Seizing Opportunities and keeping Risks in Check', was the third in a series of workshops about the risks organisations face and how they are managed.
This workshop considered risk in a more positive light - its flipside. It was about open to the opportunities good risk manageemnt often throws up. In managing risks properly and learning from the experience, especially when they don't work out, this session was about rising to the challenge of change; seizing opportunities when they arise; monutoring and controlling risks. A key message was that properly managed failures can actually benefit the innovation processand lay the foundations for future success.
Risk management cannot then only be about risk avoidance - about identifying and assessing hazards and threats and putting preventative strategies in place. It must also be about defining the organisation's future state. In which case it is about where you want or need to be; and about knowing how you're going to get there. It is also about recognising the risks that will be involved; about seizing opportunities that may be thrown up; and then putting mitigation and, hopefully, realisation strategies in place.
A Key Points Bulletin reporting in more detail points arising from the presentations and discussion is available on request. A copy of presentation slides is also available. Contact Kim McKnight, (T) 02890 347400.
For more information on the first and second workshops, 'Thinking and Talking about Risk', and 'Evaluating and Prioritising Risk', click on the title link.