This document discusses risk optimization and management. It defines risk as uncertainty in relation to goals, and notes there are two types of risk: negative risks that prevent goal achievement, and positive risks that can help achieve goals. While risk elimination is sought to avoid costs and disruption, this eliminates opportunities and more risks are actually created. True risk management optimizes both negative and positive risks to balance opportunities and uncertainties. The key is not risk removal but risk optimization to get the most from chances without being stopped by threats. Different methods can optimize risks as needed depending on individual circumstances.

1. No-nonsense Risk
Management
Part 1 - What is Risk Optimisation?
By Sara Hjalmarsson
Founder of Scenario Sciences Sweden
Board member of ASIS International Chapter Sweden
Bachelor of Counterterrorism, Security and Intelligence
Bsc Hons. Security Science

2. What is Risk?

3. What is Risk?
Risk = Uncertainty in relation to your goals

4. What is Risk?
Risk = Uncertainty in relation to your goals
Risk Management = Managing
uncertainty in order to keep reaching your
goals over both the short and long term

5. What is Risk?
There are two types of risk

6. What is Risk?
There are two types of risk
Negative Risk = Prevents you from
reaching your objectives

7. What is Risk?
Negative Risk = Prevents you from
reaching your objectives
Positive Risk = Helps you reach your
objectives
There are two types of risk

8. TheValue of Risk
Today, we strive to eliminate risk

9. TheValue of Risk
Today, we strive to eliminate risk
at any cost

10. TheValue of Risk
This is causing more risks than we
are mitigating
Today, we strive to eliminate risk
at any cost

11. TheValue of Risk
Risks can never be completely eliminated

12. TheValue of Risk
Risks can never be completely eliminated
But they can be turned into opportunities

13. TheValue of Risk
This requires us to re-think how we
manage our risks
Risks can never be completely eliminated
But they can be turned into opportunities

14. Optimising Risk
Negative and positive risks are interlinked

15. With every opportunity comes risk - and
with every risk comes opportunity
Optimising Risk
Negative and positive risks are interlinked

16. With every opportunity comes risk - and
with every risk comes opportunity
Success depends on optimising the two
Optimising Risk
Negative and positive risks are interlinked

17. Risk optimisation is different from
risk elimination
Optimising Risk

18. Optimising Risk
Risk optimisation is different from
risk elimination
Risk optimisation = Getting the most out of
your opportunities, without letting risks stop you

19. Risk elimination = Avoiding risk, discomfort
and disruption at the cost of opportunities
Optimising Risk
Risk optimisation is different from
risk elimination
Risk optimisation = Getting the most out of
your opportunities, without letting risks stop you

20. Different ways to do
the same thing
There are many ways to identify,
measure and optimise risks

21. Different ways to do
the same thing
There are many ways to identify,
measure and optimise risks
What is important is to choose a method
that works for your circumstances

22. Check out Part 2 to learn more
about Assessing and
Optimising your risks
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