Building a Risk Management Culture

Risk management is quite the topic of the moment these days, and just a little Google search will tell you how very important it is. The nature of risk for businesses keeps evolving so keeping up with the latest threats and opportunities, could be from the perspective of security, climate, health, finance, technology, personnel, culture, etc. is very important. This is what is described as the VUCA environment, where VUCA stands for Volatile, Uncertain, Complex, and Ambiguous. Managing risks in the VUCA environment is becoming quite a high-stakes game now, with environmental factors, social factors, and governance factors, among others making it quite a critical task that is becoming a commonplace discussion in the boardroom.  With risks becoming so common and high stakes, don’t you think it is extremely important for everybody in the organization to understand these risks and how to manage & mitigate them? We do think so. We believe that while there are specialized skills and job roles that are dedicated to risk management and mitigation, effective risk management can be achieved better if everybody is involved in it and aware of it. This would require the enterprise to be better prepared and bring wider capabilities on board to combat the risks it encounters, which would be hugely beneficial for them too. ITIL or the Information Technology Infrastructure Library is an IT service management framework of best practices that aims to help businesses manage risk, strengthen customer relations, and build an IT environment that is conducive to growth, scale, and change. Over time, it has undergone several revisions, with the latest version being ITIL 4. ITIL 4 focuses on automating processes, improving service management, and integrating IT into business such that IT functions no longer remain mere support functions for the business but emerge as critical value-generating functions instead.  To learn more about ITIL and to build a career in this field, we strongly recommend setting out on the ITIL 4 career path. This career path contains a host of internationally recognized certifications from Axelos, and you can train from Axelos authorized training organizations like Cognixia to prepare for the ITIL certification exams. The first step in the ITIL 4 career path is the ITIL 4 Foundation certification.

2356 232

Suggested Podcasts

Simon Drew

Kristen Carder

Tonya Phillips

Freeway Productions

Ben Baller x JimmyBoi x DBPodcasts

Gerald Welch

between buildings production