As mentioned in previous blogs, I work for an organization in which risk management is taken very seriously by most levels of management. In fact, our Risk Management Team meets with our President and CEO, and each VP on a monthly basis to discuss risks associated with their department’s activities, mitigation / control activities utilized to manage those risks, and so on. A deep-dive, ‘high-level risk’, presentation is delivered to our board of directors on a quarterly basis; it is the VP whom owns the risk who delivers this presentation (discussing finer details of the risk, ways in which the risk is being managed, plans for addressing the risk should if come to fruition, and so on).
In my nearly two years since joining the organization, I have seen great strides made by the Risk Management Team. Risk management was a foreign concept to many within the organization, but is now a term that each and every executive, senior manager, and middle manager has come to understand and appreciate.
So why am I praising my organizations Risk Management Team? Simple – the work this team performs on a daily basis not only instills the preparedness mindset across the organization, but helps reinforce the idea that significant mitigation and management of risks can go a long way to reducing the likelihood and / or impact of any potential crisis. It is my belief that organizations cannot simply rely on business continuity planning, nor should they rely solely on risk management professionals, to protect them from potential catastrophes; these two groups of individuals must work together in a holistic fashion to ensure their organization is as secure as possible to avoid, and if necessary, manage any of a serious of crises heading their way.
I would love to hear how you do / don’t interact with other like-minded professionals in your workplace.
Thanks,
The Continuity Blogger
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