It is essential that you consider and apply strategic and analytical models to evaluate risk. However, don’t forget, at the end of the day, you’re dealing with people. As much as the quantitative metrics drive the thinking of senior management relating to what they hope will happen or what they’re trying to predict, ensure you also speak to the person when engaged in these types of evaluations.
Here’s what I recommend as a three-point approach to assessing risk which addresses 1.) Logic, which is the head, 2.) Emotion, which is the heart, and 3.) Intuition, which is the gut.
Stay grounded and present a balanced solution that considers all three and that may increase engagement and support. Here is a link to a previous blog that can help you understand the head, heart and gut connection.
Look inward rather than get drawn into everyone else’s suggestions and recommendations. Take a position and define where YOU stand. Don’t just be a “player” and present what you think leadership wants to hear. Be an independent thinker who puts forward considerations and perspectives around risk that may provide fresh solutions and valuable perspective. Or, more importantly, ones that are contrarian. Too often we play up to leadership to garner favor and privilege when we should be free thinkers who are providing fresh perspective.
It’s important to “risk” dealing with risk with independent thinking.