While the tools in the ERM playbook are helpful in gathering information on risk and then prioritizing risk, often a more fruitful examination of cross-functional risk may be accomplished through gaming, experimentation, or scenario-based planning. These techniques involve examining/walking through a given scenario (or set of scenarios) with pertinent organizational stakeholders, employing various methodologies to frame the problem and provide as much (or as little) structure, as needed. The scenario may be supported by technology (gaming tools, Google maps with data overlays, etc.) however the keys to success is having a facilitation team, skilled in expert elicitation, guiding the discussion, capturing the interchanges, then analyzing the results to assess and prioritize potential outputs to better inform risk management.
Examining Risk through Gaming – 2019
Disclaimer of Warranty; Due Diligence. The resources and associated files are being offered "as is," and AFERM and the contributing authors disclaims all warranties of quality, whether express or implied, including the warranties of merchantability and fitness for particular purpose. The resource content recipient acknowledges that it has not been induced by any statements or representations of any person with respect to the quality or condition of the resource and associated files and that no such statements or representations have been made.
Limitation of Liability. Neither AFERM, its officers, directors, employees, agents, or contractors nor any contributing authors will be liable for any indirect, special, consequential, or punitive damages (including lost profits) arising out of or relating to these resources and associated files (whether for breach of contract, tort, negligence, or other form of action) and irrespective of whether the AFERM or the contributing authors have been advised of the possibility of any such damage.