What do you think about risk? Are you someone who secretly enjoys risk? Or do you play it safe?
I don’t think we can ever eliminate risk. But, when it comes to business processes, we certainly can and should take steps to minimize it. For how to minimize risk, read on.In this brief video, I describes a simple “formula” I use to think about process risk and the potential for negative consequences. The key is to start by recognizing where potential failures could occur, thus identifying points of risk.
Watch this video to get my thoughts on this simple risk minimization formula and how it might apply to your work.