A recent article called “Ten Top Tips for Effective Risk Management” included an interesting idea. Tip number 4 was “Kill the Risk Manager”! But the author was not suggesting that we should go out to commit murder. Instead he was recommending that the job title of Risk Manager should be killed off. Why?
One of the biggest challenges for the world is how to prepare for emerging risks. These are new and previously unknown risks, or familiar risks that appear in new ways. Very often our existing risk responses are inadequate to deal with this type of risk. After all, how can you predict or prepare for something that you have not seen before or that you did not expect?