top of page
  • Rory Roberts

Methods of Risk Identification - Risk Polling

Risk identification through polling subject matter experts

Risk identification can be carried out through polling subject matter experts by gathering information from individuals within an organization who have specialized knowledge or expertise in specific areas. This can be an effective way to identify risks, as subject matter experts are often well-placed to identify potential risks that may not be immediately apparent to others.


To carry out risk identification through polling subject matter experts, an organization might follow these steps:


I. Identify subject matter experts: The first step is to identify individuals within the organization who have relevant knowledge or expertise in specific areas. These individuals might be identified through a review of job titles or responsibilities, or through a process of consultation with department heads or other key stakeholders.


II. Poll subject matter experts: Once subject matter experts have been identified, the organization can poll them to gather information about potential risks. This might involve conducting interviews, focus groups, or surveys to gather input from subject matter experts.


III. Analyze and assess risks: Once the organization has gathered input from subject matter experts, it can analyze and assess the risks that have been identified. This might involve evaluating the likelihood and potential impact of identified risks, as well as determining the appropriate level of controls or other risk management measures to put in place.


IV. Communicate findings: The organization should communicate the findings of its risk identification process to relevant stakeholders, including subject matter experts and key decision-makers. This might involve providing a report on the risks that have been identified, as well as recommendations for managing those risks.


A risk identification form for polling subject matter experts might include the following elements:


I. Contact information: The form should include a section for subject matter experts to provide their contact information, such as their name, job title, and department.

II. Area of expertise: The form should include a section for subject matter experts to indicate the areas of expertise that they have, such as specific products, processes, or functions.

III. Risks identified: The form should include a section for subject matter experts to identify any risks that they are aware of, including details about the risk, the likelihood of it occurring, and the potential impact if it does occur.

IV. Risk management measures: The form should include a section for subject matter experts to suggest risk management measures that could be implemented to mitigate or manage identified risks.

V. Additional comments: The form should include a section for subject matter experts to provide any additional comments or insights about the risks that they have identified.


Overall, a risk identification form for Polling subject matter experts should be designed to gather as much information as possible about potential risks and risk management measures, to help the organization to identify and manage risks effectively

0 views0 comments

Recent Posts

See All

How to Measure the Impact of a Risk

Loss View A simple worst case loss view can be taken per risk in cash amount, usually defined as the worst case loss from the Risk Manifesting at its highest severity. Severity is generally viewed as

How to measure the probability of a Risk

There are several probability measures that an organization might use in a risk identification process, including: I. Qualitative probability: Qualitative probability involves using subject

Embedding Risk Identification into your Company

To embed a risk identification process into a company: I. Run the risk identification process periodically, updating the risk register and taking action on the material risks, it is importa

Comments


bottom of page