Risk in work unit business planning: Index page

For unit managers

For risk specialists


Tutorial series for unit managers
Risk in work unit business planning: Introduction for unit managers
Risk in work unit business planning: Starting from the business plan

What a business plan contains Where business plans come from

Risk in work unit business planning: Where it ends

Artefacts from the risk assessment process But the artefacts are not the end result. The process is not about filling templates. There are two results that matter.

Risk in work unit business planning: Overview of the route

Risk in work unit business planning: Assumptions

You’re the expert There will be differences between the recommendations here and guidelines you have been given within your organisation.

Risk in work unit business planning: What can be left out (drill-down article)

Routine and low-level events from which you can recover. Most disruptive events, even those experienced as ‘crises’. The potential for events that are clearly harmful, though to someone else’s outcomes rather than those of your unit. Risks subject to separate management. But first be sure of the objectives>

Risk in work unit business planning: Re-generating the objectives

Understanding your objectives is the most important part of the risk management process. The objectives are the outcomes that the unit delivers for the organisation as a whole.

Risk in work unit business planning: How to answer the four big questions

Four big questions: Benefits, Costs, Dangers, Capabilities Example of draft objectives (payroll unit)

Risk in work unit business planning: Firming up the objectives

Qualities: Necessity, Sufficiency, Ownership, Independence

Risk in work unit business planning: Payroll example of firming up objectives (Drill-down article)
Risk in work unit business planning: Priorities within risk management

Some risk needs immediate attention, not all risk. Prioritising within risk management is a matter of prioritising objectives affected by uncertainty.

Risk in work unit business planning: Degrees of success and failure

Seven levels of outcome The organisation’s perspective on the seven levels

Risk in work unit business planning: Capturing outcome pictures at each level

The picture of Success What could be better than Success? The organisation’s worst nightmare may be about you: Worst imaginable outcomes Intermediate outcomes Realism

Risk in work unit business planning: Reference table for (seven) success and failure levels (Drill-down article)

Example of outcome pictures matrix with objectives down and seven levels of success running across (A3 PDF)

Example of outcome pictures matrix with objectives down (including sub-objectives) and seven levels of success running across (A3 PDF)

Risk in work unit business planning: Prove and consolidate the outcome pictures (Drill-down article)

Picture and Cell Review (Drill-down article)

Objective-level review of outcome pictures (Drill-down article)

Review of the whole picture collection (Drill-down article)

Risk in work unit business planning: Wrap-up on Objectives

Each outcome picture is important, even if unlikely Comparing the objectives with the business plan Where we are in the risk management process Reconciliation with a ‘standard consequence scale’

Summaries for risk specialists
Risk in work unit business planning: Introduction for risk experts
Risk in work unit business planning: Overview for risk experts

Risk in work unit business planning and ERM Risk concept Purpose ‘Framework’ (ISO 31000 Section 4) Establishing the context (ISO 31000 5.3) Consequence criteria Other risk criteria Risk assessment (ISO 31000 5.4.2) Risk analysis (ISO 31000 5.4.3) Risk evaluation (ISO 31000 5.4.4) Risk treatment (ISO 31000 5.5) Risk Based Outcomes Forecast

Risk in work unit business planning: Comparison with typical corporate prescriptions (drill-down article)

Objectives Consequence measures Likelihood measures Level of risk Risk register Overall risk view Negative and positive risk

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