Pre-Conference Workshops: June 4, 2019
Tuesday, June 4th, 2019
Most organizations have implemented a risk management program that identifies strategic and compliance risks. The compliance risk program is normally driven by sets of rules for potential events that can be foreseen. Unfortunately, rules-based risk management frequently does not prevent problems that we didn’t anticipate, nor does it provide approaches for mitigation that should be taken when a problem does occur.
Tony Hayward was determined to make safety a top priority when he became the CEO of BP in 2007. He instituted requirements around lids on coffee cups and texting while driving, but three years later while he was still CEO the Deepwater Horizon rig exploded. The results of a US investigation included an assessment that the disaster was created by management failures that impacted, “the ability of individuals involved to identify the risks they faced and to properly evaluate, communicate, and address them.”
Unforeseen problems are costly, negatively impact customer satisfaction, and often impact an organization’s reputation and brand. For projects and tasks, big and small, it is important to proactively evaluate and plan for the potential problems that could occur so that risks are managed, and you are ready to respond with agility.
Through facilitated simulation scenarios, this workshop will provide participants with an overview to improve your risk assessment and mitigation skills:
· Develop the skills and real-world practice in our simulation-based scenarios to help manage risk in your organization
· Keep your organization’s operations up and running during changes, fixes, maintenance, and improvements by minimizing productivity loss or damage due to unexpected or unmanaged risks
· Stay productive through challenging situations
· Protect your assets and reputation
· Minimize financial loss and reputational exposure to your business by identifying potential issues and creating an actionable plan to combat them
· Increase agility
· Increase your organization’s ability to respond quickly and safely when things go wrong