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RARA model

This tag is associated with 2 posts

Risk appetite – a bad idea

By ⋅ 27 November 2012 ⋅ Post a comment

It’s a truism that you can’t do anything – or even nothing – without taking risk.  This is an important issue for all organisations, but the discussion of what risk to take has become unnecessarily obscured.  Specifically it has become bogged down in the unhelpful concept of ‘risk appetite’ and this has added to the […]

The RARA model – how relevant to organisations?

By ⋅ 12 November 2012 ⋅ Post a comment

A very useful model for thinking about risk taking has been created by David Hillson and Ruth Murray-Webster.  In contrast to the IRM guidance it is rigorous and well thought through.  The model consists of an influence diagram in which the nodes and influences have been well-defined.  Thus the model makes an interesting and valuable contribution to the risk […]

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