Risk Management is a key part of any strategy. Risks need to be identified and managed appropriately secure business outcomes and as a consequence risk management is a core skillset for project leaders, project managers and boards.

However many organizations struggle to properly manage risk, using inadequate once per year or at project start timing to identify risks and then tick the box reviews and compliance processes. Such organizations will have documents, templates or online risk registers that identify

• a risk that could impact a goal / project / company
• the probability that the risk will eventuate
• the impact should the risk eventuate
• potential mitigation actions to be taken to make sure the risk doesn't eventuate
• potential contingencies to be taken should the risk eventuate despite of the contingencies

Furthermore organizations which do use formal risk registers tend primarily focus on downside risk, what could go wrong and how to respond, and entirely miss upside risk and how to take advantage of it when things go right. This is a particular issue for boards who are boundary fiduciary responsibilities to shareholders to ensure solvency who consequently overemphasize the preservation of existing value at the expense of capturing new growth.

We believe that today's world demands that risk be managed differently

1. using process that approach risk from the perspective of examining what drives uncertain outcomes from both upside and downside outcomes, and
2. using a combination of automated and social technologies that continuously track and evaluate those drivers.