Presentation – Leadership in Risk by Guðbjörg Eggertsdóttir
Staying Aware in Organisation’s Risk Management
- Regular Training: Attend workshops and training sessions on risk awareness and management practices.
- Open Communication: Encourage transparent communication about potential risks at all levels of the organisation.
- Monitor Changes: Stay updated on internal and external changes that could introduce new risks (e.g., regulatory updates, market trends).
- Use Technology: Leverage risk management software and tools to track, assess, and report risks in real time.
- Review Policies: Frequently review and update risk management policies and procedures.
- Incident Reporting: Promote a culture where employees feel comfortable reporting incidents or near-misses.
- Scenario Planning: Participate in scenario analysis and simulations to prepare for unexpected events.
- Collaborate: Work closely with cross-functional teams to identify and mitigate risks from different perspectives.
- Continuous Improvement: Regularly assess the effectiveness of risk controls and make improvements as needed.
- Leadership Support: Ensure leadership is actively involved and supportive of risk management initiatives.
Awareness
- Yes, and is a mindset borrowed from improvisation, encouraging acceptance and proactive contribution. In risk management, this means not just acknowledging risks, but actively building on that awareness to improve outcomes.
How to Apply “Awareness”:
- Acknowledge Risks: Accept that risks exist and are part of every organisation.
- Build on Awareness: Go beyond identification—explore how risks can impact objectives and what can be done about them.
- Encourage Input: Invite team members to share their observations and ideas for managing risks.
- Promote Solutions: When a risk is raised, respond with constructive actions or suggestions, not just agreement.
- Foster a Learning Culture: Use each risk event as an opportunity to learn and strengthen future responses.
- Stay Engaged: Continuously monitor the environment and adapt risk strategies as new information emerges.
This approach creates a proactive, collaborative culture where risk awareness leads to meaningful action and improvement.
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