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Managing risk and uncertainty

Nik Silver
September 23, 2016

Managing risk and uncertainty

In our projects and business we are often presented with risks that are difficult to deal with constructively. Here we take a look at why that is and how to think about such problems more creatively. First presented internally to FreeAgent on 23 September 2016.

Nik Silver

September 23, 2016
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Transcript

  1. Risk register Description Likelihood Impact Total Competitor launches in Germany

    first 25% £400,000 £100,000 Hiring problems 75% £250,000 £187,500 Fail security audit 20% £80,000 £16,000
  2. So what? •Constrain our view of the problem •Constrain our

    creativity for solutions •Likely inappropriate solutions • Tackle the wrong problem • Hide the real issues
  3. Examples •Our boss might not like it •Competitor may launch

    in Germany first •We miss our hiring targets •There’s a data breach •Failure of client to pay fees •New feature isn’t popular
  4. Risk register Description Likelihood Impact Total Competitor launches in Germany

    first 25% £400,000 £100,000 Hiring problems 75% £250,000 £187,500 Fail security audit 20% £80,000 £16,000
  5. Examples •Our boss might not like it •Competitor may launch

    in Germany first •We miss our hiring targets •There’s a data breach •Failure of client to pay fees •New feature isn’t popular
  6. Is Labour in crisis? What is the chance of doing

    a deal with Russia? Are lives at risk?
  7. Examples •Our boss might not like it •Competitor may launch

    in Germany first •We miss our hiring targets •There’s a data breach •Failure of client to pay fees •New feature isn’t popular
  8. Examples •Our boss might not like it •Competitor may launch

    in Germany first •We miss our hiring targets •There’s a data breach •Failure of client to pay fees •New feature isn’t popular
  9. Examples •Our boss might not like it •Competitor may launch

    in Germany first •We miss our hiring targets •There’s a data breach •Failure of client to pay fees •New feature isn’t popular