Operational Risk Management and the wider defined Enterprise Risk Management are often touted as a new concept. While the methodologies and processes employed may have been enhanced in the recent past, risk management is hardly new.
Humans, arising from the instinct for survival, have been using and developing risk management techniques from the beginning of time. The risk management skills, knowledge and capabilities passed onto you have meant that your personal life risk management is extremely well developed. I would argue, so well developed to the point that you are often not aware that you are practicing them.
This series of articles will consider some of those personal risk management techniques and principles how we can use them to enhance the risk management in our organisations.