To reach a destination or achieve a goal you must have a plan and/or a map of how you are going to get there.
Imagine if you were travelling in a foreign country and wanted to get from town A to town B. If you didn’t have a plan including such things as a time frame, the type of vehicle etc and a map (whether the old fashioned type or a GPS) it would be extremely hard to efficiently and effectively get from one place to another.
Most of us set goals in our personal and business lives. However, whilst we often take action to ensure we reach a goal in our personal lives what we often fail to do in our business lives is to look at the risks that may prevent us reaching those goals.
Take for example when we travel overseas. We have travel insurance, an itinerary, maps, guides, travel cards and even vaccinations to minimise the risk of not having a good time. Yet how many businesses have a plan to ensure your clients’ data is never lost or how you would run your business if there was a complete IT failure for some days?
Almost all of the things that we do at work involve risk of some kind, but it can sometimes be challenging to identify risk, let alone to prepare for it.
Risk Analysis helps you understand risk, so that you can manage it, and minimise disruption to your plans. Risk Analysis also helps you control risk in a cost-effective way.
In this short workshop Trevor will introduce you to an easy to use risk analysis model that will help you to identify risks to your business, give these risk an impact and probability rating and create controls to minimise their impact.
It includes a session on working on your own actual risks and ways to analyse them and minimise their impact. In addition Trevor will explain how this model can easily be adapted to a tool that can be used to analyse your customer’s risk exposure.