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Talk to us today about how we can help design and roll out a tailored Business Risk Scenario Model for your organisation.
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Here are 7 ways to bring your vision to lifeA well-designed BRSM is at the ready to help make those pragmatic risk based decisions in a timely, well governed, commercially realistic and traceable way.
Talk to us todayIn order to make the best decisions we can in high pressure, time constrained environments, we need data. Data models, like a Business Risk Scenario Model (BRSM), provide the information we need to make those informed and reasoned trade-offs between all the valid options we have.
A well-designed BRSM helps make those pragmatic risk based decisions in a timely, well governed, commercially realistic and traceable way.
A Business Risk Scenario Model is a clear one-page summary of:
In this video, we outline what a BRSM is, what it does and why it is useful for organisations.
In this video, we outline the process for building a BRSM and why it’s important to have some challenging conversations along the way.
In this video, we talk about using the model in practical terms, and how a business risk scenario model can drive and support action and decision making.
A well designed and properly used BRSM delivers the following benefits:
Business risk scenario modelling and analysis is not strategic planning – although it is often part of the process. It is not business continuity management – although it is often part of the process. It is a structured yet judgement-based process to get the best and brightest in your business aligned on a small number of potentially viable future realities to which you need to be able to respond.
In the current environment, the need to have a “business risk scenario” view of your key concerns and options is more important than ever.
The BRSM process looks like this:
For so many businesses today, the challenge is to garner meaningful insight from their risk information. They need confidence in the insights that come from that data to help them make better decisions.
Traditional risk tools are not fit-for-purpose when organisations have to make quick decisions on the best possible data available. Instead, without good business scenario models they rely more on individual judgement and first principles.
Of course, the best time to prepare for a challenge is before you are in the middle of it… but for many of us, we need to manage through situations in the best possible way – in a pragmatic, robust and action-oriented manner. We need something different, and fast.
At Insync we have worked together over more than ten years, to help solve some of the most challenging risk problems, as well as embed senior risk oversight capability that measures the things that matter most.
By incorporating variations of the Business Risk Scenario Model (BRSM) our risk team have helped:
Talk to us today about how we can help design and roll out a tailored Business Risk Scenario Model for your organisation.
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