We use Risk Management as a way to reduce uncertainty and complexity in our projects. Yet, despite all our efforts, do we still find it an effective means to collaborate with our partners? Will Foulds of Redstone Risk Ltd looks at one way in which we can use risk management to enhance working relationships with partners.
The truth is, if we're honest with ourselves, that risk management as a discipline, does not seem to have significantly advanced in the last few decades. We live in a very different world to that of 1995, or even 2005 for that matter. We conduct our lives in different ways; we no longer access information in the manner in which we used to; we communicate in hugely different ways. Information, technology and data are all around us, yet we find that the same old ‘traditional’ methods of risk management are routinely rolled-out to assist modern day projects. We simply don't seem to make best use of this technology, data and people around us.