In Chapter 1, we discussed some general contextual challenges in the implementation of robust decision-making processes, including:
- The presence of motivational, political, cognitive or structural biases.
- Challenges in achieving an appropriate balance of rationality and intuition.
This chapter discusses some additional challenges in the implementation of full risk modelling activities, focusing especially on issues relating to organisational structure, processes and culture. These include:
- Beliefs that sufficient risk assessment is already being done.
- The approaches may have been tried previously but were not found to be useful.
- Beliefs that results of the models will not be useful, or that implementing the processes and models will create too much extra work.
- Issues relating to the integration and alignment with existing processes, incentive systems, culture, decision accountability, organisational structures, level of centralisation and general change management issues.