Thursday, May 21: 09.00 – 12.00
How big is your appetite (for making a difficult decision)?
Knowing how much risk is too much risk is key to any government, NGO or business. The same methods can be used to calculate the tipping point beyond which we wouldn’t deploy an emergency response team through to how much money we are willing to spend on a potential business opportunity.By establishing these tipping points in times of calm, we can align everyone in our teams as to where those tolerance levels are for times of stress. By identifying and tracking metrics we can also measure how close we are to these tipping points.The objective of this session is to firstly explore how a number of different sectors make use of establishing their risk appetite and tolerance to aid in their decision making, and secondly to provide participants with the tools to be able to establish their own risk appetite. This interactive session will commence with a series of short, sharp, informative case studies of how risk appetite and tolerance has been utilised in a range of different sectors, from charities to sport, mining, banking and governments. We will then transition into an interactive exercise through which all participants are taught how to establish their own risk appetite, thereby giving them the technique to be able to utilise in their own organisation.
Partner Organization: Sophie Horsfall, Gareth Byatt