Your risk register scores likelihood and impact. The one that hurts you will be scored on speed.

Most registers rank risks on two axes and miss the one that decides the damage: how long a problem runs before anyone notices it.

By Steve 5 min read
Abstract bridge artwork for Your risk register scores likelihood and impact. The one that hurts you will be scored on speed.

The risk that damages a business is usually already on the register. It was scored amber, assigned to a director, and reviewed at the quarterly meeting where nobody had anything new to say about it. Then it happened, and the cost bore no relationship to the score. This is not a failure of diligence. It is a failure of the axes. The standard likelihood-and-impact matrix treats risk as an event: something that either occurs or doesn’t, with a cost attached. A great many of the risks that actually erode value…

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