What traditional risk management missed became clear, though, when Concepción used the City Resilience Index (CRI), a new tool developed and launched today by engineering consultancy Arup for the Rockefeller Foundation.
Any improvement in the CPC approach and design will contribute to a more adequate follow-up and evaluation, which will have clear benefits in terms of programming accountability, learning processes when sharing experiences and better practices, and implementation of risk analysis and risk management, a dimension that was missing to a large extent in the CPC.
There's also a certain risk management up front you can't miss, because they are all winners!
Managers, however, still focus on reducing cost and increasing reward, missing out on leveraging risk management as a competitive advantage.
It misses the critical component of risk management.
Other than that... Another significant point missed completely in USA Today: risk management does not mean in the real world eliminating risk although the two are commonly confused.
Laura Richards, chief executive of anti-stalking organisation Paladin, said: "There have been too many cases where an effective police investigation has not taken place, the stalking and fixation has been missed along with the risk assessment and risk management".
In the study of risk management, there's a well-documented tendency to attribute near misses--events where only blind luck averts disaster--to our own good judgment.
This may be leverage in financial organizations but I must have missed the declaration that the BBC had moved into mainstream monetary risk management.
In this post, I share a moving story from the book, "I Miss My Breasts," written by Linda A. Fiorenzano, a project and risk management professional who was diagnosed with breast cancer at age 36.
