Risk visualization can help executives make decisions not only to manage risks but to optimize outcomes and achieve objectives.
I have to agree with the author of Are we witnessing the demise of the risk register (and the rise of risk visualisation)?
He says, “I loathe risk registers”.
So do, but for different reasons.
He loathes them because “they are boring, one dimensional and poorly prioritised lists that lack context and often serve to satisfy a requirement rather than a purpose”.
Now that’s true.
But I loathe them because they are risk-centric and not objective-centric. They don’t help understand the likelihood of success: the achievement of objectives, the satisfactory completion of projects, and so on.
I do agree with him that staid reports can be replaced with far more interesting and useful visualizations.
I don’t know whether they still do this, but executives at SAP used to have a great … Continue reading “Risk visualization”