Risk in work unit business planning: Where it ends

In this article:
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.

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Artefacts from the risk assessment process

The risk assessment process recommended in this series creates the following artefacts:

  • A risk register.
  • A set of unit objectives for the year. For each objective there is a defined set of possible outcome pictures arranged from the best foreseeable to the worst imaginable. The objectives defined during risk assessment end up consistent with the unit goals also shown in the business plan. They may be represented in different forms in each place.
  • A loose idea of the likelihood of each of the defined outcomes for each objective. These likelihoods are the direct basis for confidence in delivering on the business plan. They are reached by going through the risk management process.
  • A list of controls and risk-treatment strategies to be implemented or maintained over the year.
  • Proposed changes to the business plan, if you end up with insufficient confidence in achieving the existing plan.
  • A list of recommendations to the boss, if you have ways to improve organisational outcomes and confidence that are too big for your unit to implement.

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

The first result that matters comes at that moment when you look your boss calmly in the eye to discuss assurances and issues, and thereby put foundations under your future.

The second result comes later, when reality has unfolded. You match the unfolded reality with the unfolding of your business plan, and confirm the extent to which your predictions came true. This too will involve calm assurance.

Next article:

Risk in work unit business planning: Overview of the route

Previous article: Risk in work unit business planning: Starting from the business plan

Index to the series

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