Minimizing Risk

What do you think about risk? Are you someone who secretly enjoys risk? Or do you play it safe?

Martin Ramsay doesn't think we can ever eliminate risk. But, when it comes to business processes, we certainly can and should take steps to minimize it. In this brief video, Martin describes a simple "formula" he uses 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 Martin's thoughts on his simple risk minimization formula and how it might apply to your work.

Be sure and check out Martin's previous blog entries.

Sponsored by CEATH Company.