Recently I had one of those tickly moments in a risk workshop I was facilitating. I heard the words: “We can’t put that up!”
The risk was being assessed inconveniently high. As I have written and spoken about many times before, one of our jobs as risk professionals is to uncover the elephant in the room, if there is one.
Rating risk in the absence of data is highly subjective, and of course true quantification would be preferred. Even so, one can ask questions that reveal some basic data, like: “H
