Back to the module/Risk management, from a quarterly workshop to a register that moves
The point

A register updated in workshops records what people believed on the day of the workshop.

What a quarterly register knows

The top risks at a company with a well-run programme, as the register holds them.

The risk register

Top risks, their current rating, when it was last changed, and what changed it

RiskRatingLast updatedBasis
Cyber and information securityHigh3 months agoWorkshop judgement
Third-party dependencyMedium3 months agoWorkshop judgement
Change and deliveryMedium6 months agoWorkshop judgement
Regulatory changeLow9 months agoWorkshop judgement

Why it matters

Every rating here came from a room, and one of them is nine months old. Nothing is wrong with the judgement in that room; the problem is that the world moved and the register did not.

Workshops are not the problem

They are the right forum for a genuinely difficult judgement about a risk nobody can measure. They are the wrong mechanism for a risk that has four measurable indicators already flowing through the organisation, being discussed once a quarter by people reading a slide.

Risk management, from a quarterly workshop to a register that moves | GeneSecure