The Risk of not running Risks!!!

Posted on

Since its birth, it seems that the human kind has to run risks for its own survival.  So we have to fight against risks but we cannot eliminate them.

 

FIGHTING RISK
On the contrary, if we try to eliminate them, they will be born again out of their ashes, like the mythical bird Phoenix! We have therefore to carefully plan how to properly fight or mitigate risk, through the right strategies and tactics. Strategies start first by recognizing that fighting risk means running risks at the same time, including the risk of failure, the risk of running short of resources, the risk of inter- and intra-personal conflicts on strategies and so on.

Disagreement among the people in command or slack leadership or too strict leadership can all result in poor fighting risk.

8999

THE BULLFIGHTER
But risks are just like a bull in a Spanish or Mexican arena and we are the bullfighter.  I find this kind of fighting particularly cruel against the animal.  But I understand that either the bullfighter kills the bull or the bull hurts its adversary very badly. Risk is just like a bull and the arena is our management system, whatever it is.

But while bulls are grown up and trained to fight, risks are almost unconsciously fed until they grow to a size that cannot be controlled anymore. Nobody compels us to enter any arena to fight a bull but if and when we do it we must be prepared to run risks.

Tactics is a lower level approach to fighting risks as compared to strategy.  While strategy belongs to the people in high command, tactics belongs to a lower but not less important level of command.  In Wheeler’s words, strategic signals are immediately detectable while  the second’s a bit more subtle.

In my bullfight example, once the bullfighter has strategically decided to enter the arena, he has to be clear in his mind how he will deal with the bull. The operational level is a further more detailed practice that deals with “action” on the field.

Risk cannot be fought by sitting at a desk – strategical thinking – or looking at a map – tactically thinking – only.  It has to be fought on its own field, therefore running the involved risks.

Operations require – let me say – bodily intervention.  While strategy can be “played” “behind the enemy lines”, and even tactics too.   Operations require to look into enemy’s or risk’s eyes.

Our bullfighter will thus have to feel all of the bull’s powerful force and rage.   He will have to be physically engaged with the bull, one against the other.  Both have to forget there’s an audience watching them.

So it’s the same with risk.   In ancient Crete (Greece), prizes were given to those who took bulls by their horns.  So it is nowadays in Provence (France), where the young bulls’ horns are decorated with sausage and we have American rodeos.

There’s always a prize for those who successfully run risks.

Εικόνα16

RISKS WON’T GO AWAY
The three process levels to deal with risk, that is 1. Strategy, 2. Tactics and 3. Operations, have to be clear in the mind of any risk fighter.  If he or she is not ready to run risks, they are going to fail and are simply nuts for even trying to fight risk. The song “Fight Fire with Fire” (Metallica) could be paraphrased to “fight risk with risk”.  I personally don’t see any other way to go about this problem.

There’s almost nothing in man’s activities that has no side effects or risks whether they are  diets, medicines, places to live, entertainment, social and private choices, just to name a few.

The worst risk of all is not to be aware of the risks that have to be run when making any choice.  Choices are all about intelligent risk taking.

And, besides strategy, tactics and operations when fighting risk, there’s the golden rule that can’t be ignored: “expect the unexpected”, or “expect the un-expectable”.

What above broadly applies to managing systems such as risk detection or risk prediction, the same applies to managing quality systems.   Also, risk is being applied to safety, security, food safety / HACCP management systems, medicine testing and production, medical devices development, testing and production and so on.

The use of non-oil based sources of energy will imply ever safer plant-producing energy, hydrogen or nuclear energy, thus making risk management an ever greater priority.

We can’t afford not to confront technical or scientific risk.  We are aware of its existence, that we aren’t risk-exempt.

I believe that now you understand these terms; however, if you still have some doubts, write in the comment box. I am ready to discuss.

 

If you would like to learn more about the PMI-RMP® exam, please join prep courses (indoor or on-line) by visiting our following training pages:

www.humanasset.com

http://www.humanasset.com/portfolio/risk-management-professional-pmi-rmp-preparation-workshop/

http://www.humanasset.com/newsletter/rmp/newsletter_risk_management_prep_online_2015_02_el.html

We can run our Risk Management courses worldwide by making training more convenient for you. To get more details, please contact us directly.

Note: PMI, PMP, and PMBOK Guide are registered marks of the Project Management Institute, Inc

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s