No-nonsense Risk Assessment - Part 1. What is Risk Optimisation?

No-nonsense Risk Management

Part 1 - What is Risk Optimisation?By Sara Hjalmarsson

Founder of Scenario Sciences Sweden

Board member of ASIS International Chapter Sweden

Bachelor of Counterterrorism, Security and Intelligence

Bsc Hons. Security Science

What is Risk?

What is Risk?

Risk = Uncertainty in relation to your goals

What is Risk?

Risk = Uncertainty in relation to your goals

Risk Management = Managing uncertainty in order to keep reaching your goals over both the short and long term

What is Risk?

There are two types of risk

What is Risk?

There are two types of risk

Negative Risk = Prevents you from reaching your objectives

What is Risk?

Negative Risk = Prevents you from reaching your objectives

Positive Risk = Helps you reach your objectives

There are two types of risk

The Value of RiskToday, we strive to eliminate risk

The Value of RiskToday, we strive to eliminate risk

at any cost

The Value of Risk

This is causing more risks than we are mitigating

Today, we strive to eliminate risk

at any cost

The Value of Risk

Risks can never be completely eliminated

The Value of Risk

Risks can never be completely eliminated

But they can be turned into opportunities

The Value of Risk

This requires us to re-think how we manage our risks

Risks can never be completely eliminated

But they can be turned into opportunities

Optimising Risk

Negative and positive risks are interlinked

With every opportunity comes risk - and with every risk comes opportunity

Optimising Risk

Negative and positive risks are interlinked

With every opportunity comes risk - and with every risk comes opportunity

Success depends on optimising the two

Optimising Risk

Negative and positive risks are interlinked

Risk optimisation is different from risk elimination

Optimising Risk

Optimising Risk

Risk optimisation is different from risk elimination

Risk optimisation = Getting the most out of your opportunities, without letting risks stop you

Risk elimination = Avoiding risk, discomfort and disruption at the cost of opportunities

Optimising Risk

Risk optimisation is different from risk elimination

Risk optimisation = Getting the most out of your opportunities, without letting risks stop you

Different ways to do the same thing

There are many ways to identify, measure and optimise risks

Different ways to do the same thing

There are many ways to identify, measure and optimise risks

What is important is to choose a method that works for your circumstances

Check out Part 2 to learn more about Assessing and

Optimising your risks

Take the next step