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Wednesday
Aug 20th
Home arrow Content arrow Risk and Security Management arrow Colour Coded Risk Management
Colour Coded Risk Management PDF Print E-mail
A recent article in Strategic Risk caught our eye, highlighting an innovative method of quickly and simply quantifying and displaying risk on a single sheet of paper. Given the many complex methods of risk analysis available to practitioners we thought this one was very elegant and well worth a look. Although originally targeted at the oil and gas industry it has been developed over a number of years so that it is relevant to a wide number of business areas. 

The familiar multi staged loop process is there but it differs in that it summarises risk onto a single sheet of paper with colour coded sections to aid understanding.

Colour Coded Risk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The basic version is an Excel spreadsheet that is available for download for free at http://www.krris.com/default.aspx    

 

 

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