Risk 101 – Know the Unknown by Nehru Nagappan

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Risk 101 – Know the Unknown by Nehru Nagappan

  1. 1. MEET THE EXPERTS<br />Risk 101 – Know the Unknown<br />
  2. 2. AGENDA<br />
  3. 3. What is Risk?<br />Potential Loss exposure due to a threat; which causes disruption to business operations<br />Preventing them from achieving the Minimum Business Continuity Objective (MBCO)<br />3 components:<br />An Event <br />A probability <br />An Impact<br />
  4. 4. What is Risk Management?<br />An on-going process of assessing the risk to mission / business as part of risk-based approach used to determine adequate security for a system by analyzingthreats and vulnerabilities and selecting appropriate, cost effective controls to achieve and maintain an acceptable level of risk.<br />- BCMPedia<br />An organized means of identifying and measuring risk, and selecting, and managing optionsfor handling these risks.<br />- Harold Kerzner<br />Is a PROACTIVE approach<br />
  5. 5. Be prepared for any eventualities!<br />
  6. 6. Risk Life Cycle<br />Assess<br />Risks<br />Analyze<br />Risks<br />Risk<br />Treatment<br />PLAN<br />Monitor<br />& Control<br />Project Risk Management<br />
  7. 7. Examples of Risks<br />
  8. 8. The known unknown<br />Donald Henry Rumsfeld, Secretary of Defense, 2001-2006<br />
  9. 9. BiotechCorp Case Study – The Known Unknowns<br />We occupy Top 4 levels (L23, L22, L21, L20) + Level 1<br />Fire Drills was an “annual casual leisurely walk” since 2005<br />
  10. 10. Reality Check<br />What we think….<br />The usual reality..<br />
  11. 11. The Known Unknowns<br />Assembly Point - Logistic nightmare (KLCC Mosque (public assembly issue), MenaraAtlan public Car Park)<br />Sink Hole NEAR Office (KLCC) & Kg. Baru<br />KLCC – Protest Zone!<br />
  12. 12. The Known Unknowns<br />Oversized, disabled and Pregnant – mobility issue<br />Stairways blocked – rubbish<br />
  13. 13. The Challenge we face<br />“We’ve never had that kind of loss”<br />“What, change my procedure?I’ve always done it this way!”<br />“I’ve lived here for 20 years without a problem!”<br />“All Risk Management has is: bad news with higher price tags!”<br />No communication!<br />
  14. 14. The Known Unknowns<br />What are OUR Obligations (as BCM Professionals)?<br />DISCUSS<br />
  15. 15. RISK MANAGEMENT: <br />NOT YOUR DUTY?<br /><ul><li>Ownership
  16. 16. Leadership
  17. 17. Accountability
  18. 18. It really is our DUTY (not job) to ensure that our staffs are informed of our policies, procedures and expectations.</li></li></ul><li>BCMI<br />BE AN EXPERT.<br />JOIN THE EXPERTS.<br />
  19. 19. Questions?<br />

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