Strategy and Risk Management

8

HOW Do We Conduct Enterprise Risk Management?

“The more you practise risk management in your day-to-day decisions, the stronger your programme becomes.” Chrystal V.

I felt a sense of urgency within Justin as we held the remaining training sessions at PJ Investment’s (PJI’S) offices. The intention of the move to the office was threefold: (a) get more employees enrolled in their risk management programme, (b) allow their employees to practise using risk management tools and (c) uncover what was bothering the partners.

On the first day, even though it was tight, we crammed 90 people into a meeting room designed for approximately 65 people. Employees were sitting on the floor, on tables and leaning against the wall. The non-management employees joining us that day were already briefed on PJI’s risk management programme.

After welcoming them and making a few jokes about the lack of elbow room, I posed this question to them, “Who is a big fan of the Star Trek series?”

Several people raised hands, one of whom was Mateo.

“Mateo, do you recall the episode in The Next Generation where Capt. Picard gives a visitor a tour of the starship? He points out her planet through a window. She asks about the size of glass it takes to stand up to the pressure of space. Picard surprises her when he says, ‘It is not glass. It is a force field. A field of energy that separate us from the uninhabitable environment of space.’ He informs that this powerful energy keeps people alive.”

Mateo responded, “Yes. ...