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Stratos, LLC consultants can facilitate a Qualitative Risk Assessment Workshop focused on almost any strategic issue. The qualitative risk assessment approach uses a structured process to address issues by achieving clarity on the specific risks presented by an activity and leadership's level of risk tolerance for those risks. The initial step in this process is for the design team to achieve clarity on the objectives or intent of an activity or process. Threats and associated risks are then identified as the basis for a qualitative assessment of internal and external factors impacting the proposed activity. The results of that assessment are shared with the sponsoring leaders. This review of specific risks is a key catalyst in clarifying leadership's tolerance for risks and the understanding of those risks by the design team. Appropriate mitigation steps are then developed to assure alignment between management and staff prior to implementation.

A key attribute of this process is that the qualitative approach permits easy application by a diverse team regardless of background or experience base (business, technical, operating, administrative, etc.). Additionally, the process stimulates a constructive dialogue between management and staff on risk tolerance and moves the organization from individual risk taking to collective risk sharing.

The use of the qualitative risk assessment process has produced these benefits:

• Identification of previously hidden or unknown risks ,
• Achieving clarity and in-depth understanding of the underlying premises for a project, and
• Enabling management and project teams to more effectively manage risks.

To request a detailed workshop outline or to discuss Stratos presenting the Qualitative Risk Assessment Workshop for your company, click here.