[Dialogue] [ICA_Aus_Faculty] Re: Risk Management

Thu Nov 5 18:34:01 PST 2015

Hi Mark,
just a note of thanks for this impressive response to a significant 
question. Both simple and sophisticated, both grounded and creative, - 
comprehensive and trustworthy.  Good additions to Charles' contribution.

We are less involved in this type of professional work these days, but 
useful for all our now mostly voluntary work re climate change and many 
other matters of big concern (as well as many areas of our personal and 
organisational life).

Thanks again and best wishes,
Maria and Richard

On 27/10/2015 7:51 AM, 'Mark Butz' mark.butz at bigpond.com 
[ICA_Aus_Faculty] wrote:
>
> Hi Frank & all
>
> Frank, thanks for revealing nostalgic music as a legal way to get 
> ‘high’ – will try it out tonight
>
> My work has a slightly different take  on this – many of my clients in 
> government and not-for-profits work within a broadly consistent frame, 
> although the process varies:
>
> A preferred state or a set of preferred actions are analysed for risk 
> by 1) identifying risk and 2) assessing both likelihood and impact of 
> that risk
>
> As a guide to priority effort, these can be plotted in a simple 
> quadrant (there had to be a quadrant!) e.g. likelihood on vertical 
> axis, impact on horizontal axis:
>
> High likelihood +
> Low impact
>
> 	
>
> High likelihood +
> High impact
>
> Low impact +
> Low likelihood
>
> 	
>
> High impact +
>
> Low likelihood
>
> The priority effort needs to be focused on upper right risks – this 
> involves strategies and actions to mitigate the impact and/or to 
> reduce the likelihood of that risk biting
>
> Little effort is warranted in lower left, and the others need 
> case-by-case thought (although most will retain some focus on high 
> impact risks, regardless of perceived likelihood)
>
> Compared with ToP, there are lots of helpful consistencies e.g.:
>
> -  generating the preferred state (desired future, practical vision) 
> or initial set of actions or actions to mitigate and avoid risk can be 
> done by focused conversation or  workshop (depending on scale and 
> context)
>
> - addressing ‘risk’ requires people to layer down to causal factors (I 
> am avoiding ‘root cause analysis’ here because it has become tainted 
> with controversy) –  essentially, to work out what is driving what 
> (what begets what) because if we target risk mitigation & avoidance 
> actions further down the chain of causality, we have can have an 
> effect on multiple identified risks – we sap the strength from ‘below’ 
> - not much different from the approach commonly taken for 
> contradictions (underlying obstacles, underlying reality)
>
> - in explaining this to participants beforehand, I like to have a 
> conversation about road safety, work safety or health to illustrate 
> how a range of factors for both avoidance of likelihood and mitigation 
> of impact might be considered (personal protective equipment is a 
> common one – sometimes we can’t or don’t want to avoid a situation but 
> we can reduce its impact with forethought about having protective 
> apparatus available)
>
> - plotting into the quadrant is a case of using ‘given categories’ 
> (often a workshop) – this is a very useful dialogue for participants 
> about the interaction between the nature of their business, the way 
> they do business, and their working context(s)
>
> - after this analysis, a set of (targeted) mitigating or avoiding 
> actions is generated (generally a workshop)
>
> All of that is consistent with what Charles has said more precisely – 
> I hope it helps
>
> Best wishes
>
> Mark
>
> *From:*ICA_Aus_Faculty at yahoogroups.com 
> [mailto:ICA_Aus_Faculty at yahoogroups.com]
> *Sent:* Tuesday, 27 October 2015 12:08 AM
> *To:* ICA_Aus at yahoogroups.com; Charles Jago; Dialogue ICA; Faculty ToP
> *Subject:* [ICA_Aus_Faculty] Re: Risk Management
>
> Thanks Charles.
>
> The Wikipedia item is useful, too.
>
> ------------------------------------------------------------------------
>
> To: ICA_Aus at yahoogroups.com <mailto:ICA_Aus at yahoogroups.com>
> From: ICA_Aus at yahoogroups.com <mailto:ICA_Aus at yahoogroups.com>
> Date: Sun, 25 Oct 2015 23:08:12 +1100
> Subject: [ICA_Aus] Re: Risk Management
>
> Hi Frank and all
>
> My "project management" mostly in information technology projects 
> involved a lot of risk management.
>
> It comes down to what could go wrong, so that you have plans in place 
> to deal with eventualities. Also awareness to notice issues before 
> they get out of hand. Some of these are quite basic, such as what 
> happens if there is a flood, power failure, financial crisis or 
> whatever. This is a big deal for pilots, where accidents happen when 
> things aren't under control. Airline risks are usually OK until two or 
> more things go wrong at once, leading to accidents.
>
> From my perspective, contradictions focus more on the underlying 
> things, while most risk management is fairly objective.
>
> People in risk management do brainstorming and classifying risks, so 
> that could look like an issues workshop. So there is some overlap.
>
> Over time, especially with the introduction of ISO 31000, risk 
> management has moved to cover more systemic issues, so this would also 
> feed the overlap with contradictions you have noticed.
>
> Wikipedia has good coverage of risk management 
> <https://en.wikipedia.org/wiki/Risk_management>.
>
> Cheers
>
> Charles
>
> ._,_.___
>
> ------------------------------------------------------------------------
>
> Posted by: frank bremner <fjbremner at hotmail.com 
> <mailto:fjbremner at hotmail.com>>
>
> G'day colleagues
>
> I'm on a bit of a "high", having been to a concert with Burt Bacharach 
> last night - two hours, no interval, and almost every Bacharach song 
> you could think of - even back to Liberty Valance and 24 Hours from 
> Tulsa.  Great backing musicians (about a dozen) and singers (three 
> plus some of the musicians).  And at almost half-price, thanks to a 
> group called Lasttix, who promote slow-selling shows.
>
> Anyway, down to business.  I've been helping a friend doing a 
> TAFE-level course in Managing Risk.  (TAFE = Technical and Further 
> Education > similar to the US community college.)  I've not touched 
> "risk" in this context before.  Has anyone done so?
>
> Risk Management, from the "management" area, seems to overlap with the 
> area we used to call Contradictions.
>
> Any reflections?
>
> Cheers
>
> Frank Bremner
>
> __._,_.___
> ------------------------------------------------------------------------
> Posted by: "Mark Butz" <mark.butz at bigpond.com>
> ------------------------------------------------------------------------
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