Risk Finale

Andy Jordan is President of Roffensian Consulting S.A., a Roatan, Honduras-based management consulting firm with a comprehensive project management practice. Andy always appreciates feedback and discussion on the issues raised in his articles and can be reached at [email protected]. Andy's new book Risk Management for Project Driven Organizations is now available.

  Risk Management   ProjectsAtWork  

Our 12-part series on organizational risk management concludes with a call to action — it starts with assessment and identification … leads to investment, buy-in and ownership … and makes use of tools and concepts like the risk profile, capacity and constraints hierarchy.

Over the course of the past year I have tried to provide an overview of my book on organizational risk management and explain some of the concepts as they apply to organizations today. I went from the concept through some of the tools and processes and into the impacts to different areas of the business. I hope that I at least made you think at times and if I also gave you some ideas on how to improve strategic risk management within your own organizations.

To wrap up the series I want to just take a step back and look again at the concept against the background of the articles. The first part of that is to make sure that the context for organizational risk management is clear. This isn’t about process definition and implementation; the process that I outlined is simply a mechanism by which the approach can be implemented in your organization. Before that can happen the organization has to buy in to the concept and make the commitment to invest organizational resources in improving the strategic elements of risk management.

Organizations are only going to invest if they believe that they are going to…

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