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RISK METAPHORS

Metaphors are commonly used, with hindsight, to explain the causes of accidents or corporate failures. The question therefore is whether these metaphors can also be used, with foresight, as part of an organisation's risk management process.

 

We see these metaphors (some of the most common are listed in the sidebar), combined with the testing questions, as a powerful way to provoke you to see things differently and therefore help you foresee what might go wrong within your organisation. This seeing provides a first step within your risk management process.

 

 

 

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Are you familiar with these metaphors, and are you clear

about how best to use them?

 

How might you use risk metaphors as part of your risk governance process in order to hold your executive to account?

 

How might you use risk metaphors as part of your organisation's risk management process?

COMMON METAPHORS:

Swiss Cheese

Onions

Bowties

 

Pyramids

Horses & Nails

Spider's Web

 

QUESTONS

Icebergs

Rubber Bands

 

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