A two minute guide to the Risk Insights Brexit impact assessment tool

Brexit represents the biggest disruption to business in a generation, impacting all industries and sectors. Businesses must prepare and assess their exposure to Brexit. The countdown to 29 March 2019 – when the UK officially leaves the EU – has now passed six months.

There is still time to develop a strategy and protect your interests, however a quantified assessment of risk is an essential prerequisite. At Risk insights our Brexit Impact Assessment model is specifically built for conducting Brexit impact assessments.

Using our unique online survey, respondents complete simple scenarios estimates which are then modelled using our simple-to-use risk engine. The process can be completed by your own risk team, with support from Risk Insights experienced consultants. No technical skills are required, and answers are linked directly to business objectives and risks you define.

The outputs are equally simple to understand, and present a robust range of scenario outcomes, ready for decisions to be made.

Business leaders must take ownership and act now to assess the impact of Brexit on their business.

To learn how we can help, contact us today.

Why Risk Connectivity is important

When the interconnectedness of events is cited as being at the root of many business failure, why are risks still largely analysed and managed independently or in isolation?

At Risk Insights we have developed a unique tool which can help you identify and assess the connections between risks. In doing so you can explore significant risk interrelations, identify influential risk events, and appreciate the ripple effects of decisions. Identifying and assessing interconnectedness promotes a broader and deeper understanding of the risks to your project or organisation.

Risk Insights Explorer uses network analysis – a branch of graph theory – to visualise connectivity and impact assessments, presenting the output in an intuitive, fully interactive, network graph.

Have you explored the interconnectedness of your risks?

How do you ensure your risk models engage the audience and elicit a varied range of views and perspectives?

Exploring Uncertainty: The Movie

Having fantastic artwork produced by the brilliant Mark Mitchell wasn’t enough for us here at Risk Insights.. we simply had to make Exploring Uncertainty: The Movie.

So grab yourself some popcorn, darken the room and settle back for the best 96 seconds of risk-management based entertainment you’ll see this side of The Donald, the FBI and a red button being in the same room.

Oscar darling, we’re coming for ya!

Risk Insights Connects: An introduction to risk connectivity

Traditional approaches to risk management view risks as an “Event”, characterised by a single feature.

At Risk Insights we take a Holistic view, seeing complex systems like economies, organisations, or major programmes of work, as a series of interconnected sources of uncertainty – driving dynamic risk behaviour. Effective management of risk therefore requires a new approach and new thinking, understanding how risks influence one another within a whole.

Using advanced graph algorithms and 4D analytics, Explorer makes it possible to see and make sense of the connections between risks within even the most complex project or organisation.

Risk Insights approach to making movies

“How long does it take you to prepare one of your speeches?” asked a friend of President Wilson.

“That depends on the length of the speech,” answered the President. “If it is a ten-minute speech it takes me all of two weeks to prepare it; if it is a half-hour speech it takes me a week; if I can talk as long as I want to it requires no preparation at all. I am ready now.”

Great short content actually takes longer to produce than long content. At Risk Insights we sweat the small stuff whether it’s the image used, its’ timing or duration, the words and language, the music.  We hope we get it right and the end result is a video that’s like a delicious amuse-bouche; an expression of our creativity and showcase of our development, and a tasty morsel best devoured in one bite.

Bon Appétit!

How it works

The Risk Insights survey consists of 10 to 20 interviews with executives and leaders from across the risk function as well as different management levels and covers all units that directly interact with risk, as well as selected units that have only indirect exposure to risk.