A VETERAN OWNED SMALL BUSINESS | Call or text now for a FREE consultation: +1 (770) 765-3692 | 
StrategyDriven Launches Operational Risk Management Resource Forum
StrategyDriven is proud to announce the launch of a risk management resource forum; providing innovative thought leadership and collaboration opportunities to help leaders effectively address their most pressing operational risks.
After seeing the devastation from the Texas fertilizer plant and Louisiana chemical plant explosions, StrategyDriven wanted to help industrial and utility leaders better identify, mitigate, and control their operational risks to prevent similar accidents from occurring at their facilities.
“The unfortunate reality is that industrial accidents are increasingly likely in a world challenged to produce more, faster, and with fewer resources while also dealing with the significant loss of operating experience resulting from the retirement of baby boomers,” explains Nathan Ives, StrategyDriven’s President and Chief Executive Officer. “To help clients combat these risks, StrategyDriven advisors, applying decades of nuclear and high-risk industrial operations experience, authored a library of operational risk management tools easily accessible from our online risk management forum.”
Developed by highly experienced nuclear and industrial complex leaders, StrategyDriven‘s risk management resource forum provides actionable methods and tools executives and managers can use to identify, assess, prioritize, monitor, mitigate, and control their operational risks. Thought leadership items contained within the forum focus on topics such as:
- Operational Risk Quantification – identification of unique risk index values associated with potentially adverse events enabling prioritization of their mitigators relative to the organization’s portfolio of operational activities and strategic initiatives
- Integrated Enterprise Risk Assurance Mapping – visualization of the relationships between enterprise risks and their associated processes while concurrently revealing the degree of oversight applied to these processes
- High-Risk Decision Management – identification, selection, and implementation of action plans to address strategically important and operationally hazardous circumstances, the outcomes of which impact the safety and reliability of employees and assets
The risk management forum’s thought leadership documents are being distributed to StrategyDriven‘s clients, including some of the world’s largest utility operators. These documents can be accessed by clicking here.
Major projects typically add significant operational, financial, reputational, and regulatory risk to an organization’s overall risk profile. This project risk may by itself exceed the normal level of organizational risk leaders are accustomed to dealing with. Consequently, these strategic projects demand the implementation of risk identification, monitoring, mitigation, and control activities. These risk management activities, however, are often unaccounted for in the project’s budget and instead draw resources away from the organization’s other risk management efforts; diminishing the business’s overall ability to effectively manage its other risks.
All organizations face a host of risks incurred during the conduct of day-to-day business operations and stakeholder interactions. These risks challenge executives and managers in so far as they can have consequentially negative impacts on the organization’s ongoing sustainability from an operational, financial, reputational, and regulatory perspective.
Corporate Risk Analysis, Management, and Mitigation
Each organization faces a unique set of risks challenging the continuity of its operations. All risks, however, are not equal. In order for an organization’s leaders to economically manage their business’s risks, they must first understand each risk’s inherent and residual value. Failure to quantify the organization’s risks produces a less meaningful set of potentially adverse events; lacking relevance, priority, and return on investment information and often resulting in the application of either too many or too few resources applied to address these challenges.
Business Programs