Concepts and Trends in 21st Century Risk Management

Classical Risk Management is built upon a three-stage process – Risk Assessment, Risk Control and Contingency Planning – that is well recognised and understood by professional security and risk managers. Whilst those tools are still valid, and valuable, in managing routine risks and threats, the changing nature of the modern world means that there are increasing numbers of risk scenarios that cannot be managed within that framework. Failures of national infrastructure (such as the power-failure in north India that left 600 million people without electricity); collapse of international banking IT systems, which could leave individuals and organisations with no cash or working capital; natural disasters, terrorism, pandemics, political instability, social unrest are all factors that are out of the risk manager’s control, can be triggered and escalate to potentially catastrophic levels with no warning, and which, in terms of their potential consequences, can create challenges that are beyond the capabilities of classical risk management to either model or respond to.

The underlying cause of these problems is complexity – the tightly-bounded inter-connectedness and inter-dependency that means that a problem in one part of the world can have unforeseen consequences across an ever-expanding network of chain reaction. The earthquake and tsunami in Japan in 2011 caused a reaction that meant that within three days Tokyo, a city of ten million people, had literally run out of food. It also created a disruption of global supply chains that led to the closure of car plants in NE England. These effects could not be plotted or predicted by traditional risk management methods.

This seminar will look at the changing nature of the modern risk environment, and introduce cutting-edge academic and practitioner-based models of risk management that create a new range of risk management tools appropriate to the changing and emerging threats. It will also examine the organisational capabilities that will be required to respond to these challenges, and the ways in which organisations can create in-built flexibility and resilience that will bring benefits across all aspects of their operations.

The masterclass will be fully inter-active, and will make full use of examples from fundamental issues of crisis managementfrom across the world, including what have become accepted as exemplifying global best practices. It will be focussed on giving real and immediate skills to all participants that will have immediate relevance within their own organisations.

Why you should attend

This one-day seminar offers an insight into fundamental issues of crisis management that will be immediately relevant to anyone involved in corporate, commercial, NGO or governmental CM activities. Going beyond the normal understanding of CM matrixes and response options, the information offered on the programme comes from the cutting edge of academic research and practitioner experience, and will give all attendees a real understanding of how the issues covered in the programme will give them and their organisations a genuine advantage in developing organisational crisis cognition as well as effective, and highly robust, CM capabilities.

Venue

Venue to be confirmed
London, United Kingdom

Masterclass Leader

Michael Fuller, Director, SCC Global

After holding a series of senior leadership and managerial roles during his successful 21-year career as a Commissioned Officer in the British Army, Michael Fuller MBE, MBA, has been involved with project and programme planning and implementation within the defence, resilience and national security environments. Currently Director with SCC Global Ltd, Michael recently helped to set up the multi-agency National Olympic Co-ordination Centre in London’s New Scotland Yard during the London 2012 Olympic and Paralympic Games, and is currently working on high-level command, control and communication infrastructure around the globe, including in South America and the Middle East

The agenda is available as PDF under downloads at the right side of the page.