Developing a risk-based mindset for resilience

David Hillson introduces the risk mindset, with six key values & beliefs that shape the way we think about risk.
This contribution was part of a webinar on "Risk and Resilience in the Commonwealth", hosted by the Institute of Commonwealth Studies on 19 April 2021 (commonwealth.sas.ac.uk/). The recording of the full event is available here: • Business and the Commo...

[@jimmyx718]

Just started my job as a Credit Risk Analyst in June, in New Zealand, your videos are extremely helpful, thanks David.

[@Risk-Doctor]

That's good to know. I wish you success in your new job.

[@absuhun00]

Very well presented. Concise & informative. Thank you so much for this

[@Risk-Doctor]

I'm glad it was helpful!

[@omarloubaidi1466]

Thank you for this interesting presentation, I hope meeting you.

[@Risk-Doctor]

I hope so too!

[@imadkhan2644]

Thank you verymuch Doctor. You have cured my "Risk knowledge" deficiency. 🙂

[@Risk-Doctor]

I'm glad to hear it! Thanks for the feedback. Keep learning!!

[@sudiror.tjokrowardojo8859]

If We face issues and risks in the same time. Which ones is the prioritize so we have to allocate resources to solve or mitigate? Thank you

[@Risk-Doctor]

This is a great question! In theory, you need to address both risks and issues. You have to deal with an issue that is occurring now, because its impact is immedaite. But you also need to address a future risk before it happens in order to be proactive. I would prioritise them based on the level of impact - it might be better to address a future risk with a very big potential impact before you spend time on a small impact that is occurring now.

[@cesartonoli19]

Excellent video!

[@Risk-Doctor]

Thank you very much!

[@Praizion]

Great stuff as always. There's a positive risk I may see you Q4 Doc. If I do, will that be a positive issue? Lol.

[@Risk-Doctor]

Thank you Phill. If a positive risk (opportunity) occurs, it becomes a benefit or a source of value. It will definitely be valuable if we get to meet in Q4/2021!! Let me know, thanks.