Developing a mature risk mindset

How we think determines what we do. This is particularly true when we are considering risk. When we face uncertainty, we’re not always rational. But instead of reacting instinctively towards risk, we should cultivate a mature risk mindset, helping us to manage risk naturally, as it becomes part of who we are instead of just what we do.
In this keynote presentation for the World Project Management Forum (www.cepm.com/w..., David Hillson outlines the values that underly a mature risk mindset, and explains how to change your thinking and behaviour.

[@geraldocartier9083]

I hope to be you when I grow up! The simple way you explain risk management has opened a world of opportunities for me.

[@Risk-Doctor]

Hi Geraldo. There's only room for one Risk Doctor! But you need to be YOU when you grow up - the world also needs a Geraldo Cartier, and you're the one!!

[@itube.995]

A great presentation as usual 👍👍

[@Risk-Doctor]

Thanks again!

[@frankmenkel8329]

Hi David, thank you for the great insight. I totally agree with you. I am battling the risk mindset every day.

[@Risk-Doctor]

My pleasure!

[@sammykayitare2173]

Thanks Doctor! I am always learning the new things as far as risk management is concerned from your important CZcams channels

[@sunilsoni1975]

Thanks a lot Doc for this interesting video as always 👍

[@Risk-Doctor]

My pleasure!

[@ovversightriskmanagement4237]

Great video

[@Risk-Doctor]

Thanks!

[@FN-ck7xp]

What make risk Management so important in an organisation?

[@Risk-Doctor]

Try watching this short video "Why is risk management important?" czcams.com/video/o_X6Mg6Fz8c/video.html

[@chetanasin9150]

Thanks

[@Risk-Doctor]

No problem

[@Danniele123]

Why are banks considered to have the most mature approach to risk management?

[@Risk-Doctor]

Hmm, did I say that? I'm not sure banks really do have the most mature approach to managing risk. But they certainly think they have! And managing all types of financial risk is built into their fundamental business model of lending and investing - compared to toher types of organisation where risk management is added on to their main business. But banks and other financial institutions still have a lot to learn about managing risk better, as recent financial crises have revealed.

[@Danniele123]

@@Risk-Doctor hi,
No you did not say that. I actually came across this statement in a McKinsey article. They briefly mention it but do not expand on it.
Thx for the reply though.

[@jobarhn7306]

Should we also identify an opportunity for an identified risk?

[@Risk-Doctor]

Thanks for this interesting question Jo. Some threats also have linked opportunities, but not all of them. I would keep the identification processes separate for threats and opportunities. I hope this is helpful.