Risk Management for Leaders: Identifying and Leveraging Latent Risk

LocationMarylebone, Central London
FacultyWestminster Business School

This risk management workshop is part of our Leadership Workshops series. Designed for board members and senior managers, these highly focused workshops are facilitated by carefully selected subject experts with deep experience across all business sectors.

"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know."
– Donald Rumsfeld, former US Secretary of Defense

We are least familiar with those risks hidden by our own risk management methods and strategies. The systemic and cultural aspect of latent risk underpins the more familiar risks that are regularly publicised in the press.

During this one-day workshop, risk management and culture specialists Mike Vernon and Gill Avery will provide you with specific strategies and techniques to uncover and leverage the latent risks that could otherwise have detrimental consequences for your organisation.

Who is this workshop for?

This workshop is particularly suitable for project and programme managers, people working in procurement, commercial and supply change management, board members, senior executives and anyone who, in Mike Vernon's words, "has an interest in taking their business into the next level of performance".

Upcoming courses
Start date Duration Day and time Price Apply
1 December 2016 1 day Thursday 9.30am–5pm £250 Coming soon

Course content

In this intensive full-day session Mike and Gill will work with you to:

  • understand why and how individuals, teams and organisations commonly react and respond to potential risk
  • analyse your project, department or organisation to uncover key locations of latent risk
  • develop strategies to promote an effective risk culture 
  • understand why the three integrated enterprise cycles – professional, managerial and cultural – are important
  • guide you through an enterprise risk maturity evaluation (ERME)

Read an interview with Gill and Mike about risk and risk management.

By the end of the course, you will be able to:

  • understand and use  an enterprise risk maturity evaluation (ERME)
  • explore ways of improving their organisation's ERME score through focusing on one specific issue
  • develop and embed processes to mitigate latent risk
  • propose strategies to promote an effective risk culture so individuals and teams can access and interpret the information, empowering them to address the right risks in the most relevant way

Mike Vernon is an industrial sociologist and electronics engineer, a leader, manager and entrepreneur. The Institute of Risk Management made him an honorary life member for his ground-breaking work on Cultural Risk.

Gill Avery is an executive coach and was the first woman on the board of BT training. Her work with Consulting People has contributed to the development of the Business Transformation Cycle℠ that has provided a sustainable change pathway for many firms.

Their clients include the BBC, Tui, the NHS, BT, Michael Page International, Amey, the Ministry of Defence and FTSE.