Do you make complex risk management decisions?
Decision-making frameworks are a key tool to help bring transparency, consistency, and robustness to decision-making processes. Effective frameworks give confidence to decision makers and provide a defendable record of decision making processes.
A good risk decision framework should:
- Have clear objectives and boundaries “what is the problem we are trying to solve?”
- Be consistent with other organisational processes and policies
- Use data that is reasonably accessible
- Acknowledge and manage uncertainty appropriately (known unknowns and unknown unknowns)
- Use simple language, definitions, and processes that can be easily communicated to others
- Enable a balanced assessment of all risks, positive and negative
We have worked with clients to support seismic strengthening prioritisation, earthquake prone building risk, and landslide exposure.
Get in touch to see how we can help.